Use the figure below to answer the following questions. Figure 6.3.1
-Refer to Figure 6.3.1 showing the market for frisbees before and after a tax is imposed.On each frisbee,the sellers' share of the tax is
A)$0.40.
B)$0.60.
C)$1.00.
D)$5.60.
E)$6.60.

Question

Use the figure below to answer the following questions.  Figure 6.3.1
-Refer to Figure 6.3.1 showing the market for frisbees before and after a tax is imposed.On each frisbee,the sellers' share of the tax is
A)$0.40. 
B)$0.60. 
C)$1.00. 
D)$5.60. 
E)$6.60.

Quizplus · Accepted Answer

The sellers' share of the tax is the difference between the old price and the new price, which is $0.40.

Use the Figure Below to Answer the Following Questions