Refer to the graph shown. With an effective price floor at $8, the effect is an implicit tax on:
A) suppliers equal to $50.
B) suppliers equal to $30.
C) consumers equal to $50.
D) consumers equal to $30.

Question

Refer to the graph shown. With an effective price floor at $8, the effect is an implicit tax on: 
A) suppliers equal to $50. 
B) suppliers equal to $30. 
C) consumers equal to $50. 
D) consumers equal to $30.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. With an effective price floor at $8, the effect is an implicit tax on: 
A) suppliers equal to $50. 
B) suppliers equal to $30. 
C) consumers equal to $50. 
D) consumers equal to $30.

Refer to the Graph Shown