Figure 8-9
The vertical distance between points A and C represents a tax in the market.
-Refer to Figure 8-9.The imposition of the tax causes the price received by sellers to decrease by
A)$20.
B)$200.
C)$300.
D)$500.

Question

Figure 8-9
The vertical distance between points A and C represents a tax in the market. 
-Refer to Figure 8-9.The imposition of the tax causes the price received by sellers to decrease by
A)$20. 
B)$200. 
C)$300. 
D)$500.

Quizplus · Accepted Answer

The vertical distance between points A and C represents the tax, which is $300. Therefore, the price received by sellers decreases by $300 after the tax is imposed.

Figure 8-9 the Vertical Distance Between Points a and C Represents a Represents