Use the following to answer questions:
Figure: Tax Imposed on Sellers
-(Figure: Tax Imposed on Sellers) According to the figure, the price that sellers receive AFTER the tax is imposed is:
A) $5.
B) $4.40.
C) $4.
D) $3.40.

Question

Use the following to answer questions:
Figure: Tax Imposed on Sellers 
-(Figure: Tax Imposed on Sellers) According to the figure, the price that sellers receive AFTER the tax is imposed is:
A) $5. 
B) $4.40. 
C) $4. 
D) $3.40.

Quizplus · Accepted Answer

The price that sellers receive after the tax is imposed is $3.40, as the tax reduces the price sellers receive from the market price.

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