Figure 18-1

According to the graph in Figure 18-1, the tax is which of the following?
A)400
B)600
C)1,000
D)200

Name: Figure 18-1 According to the graph in Figure 18-1, the tax is which of the following? A)400 B)600 C)1,000 D)200
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Question

Figure 18-1

According to the graph in Figure 18-1, the tax is which of the following?
A)400 
B)600 
C)1,000 
D)200

Quizplus · Accepted Answer

The tax can be read directly from the vertical axis, and it corresponds with the point on the horizontal axis where the supply and demand curves intersect. In this case, that point is at a price of $1,000, so the tax is also $1,000.

Figure 18-1 According to the Graph in Figure 18-1, the Tax Is