Figure 8-3
The vertical distance between points A and C represents a tax in the market.
-Refer to Figure 8-3.The equilibrium price before the tax is imposed is
A)P1.
B)P2.
C)P3.
D)P4.

Question

Figure 8-3
The vertical distance between points A and C represents a tax in the market. 
-Refer to Figure 8-3.The equilibrium price before the tax is imposed is
A)P1. 
B)P2. 
C)P3. 
D)P4.

Quizplus · Accepted Answer

The Answer of Figure 8-3
The vertical distance between points A and C represents a tax in the market. 
-Refer to Figure 8-3.The equilibrium price before the tax is imposed is
A)P1. 
B)P2. 
C)P3. 
D)P4.

Figure 8-3 the Vertical Distance Between Points a and C Represents a Represents