$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S, and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. $20 to $ 60 ner ton Price (per ton)
$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S, and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. $20 to $ 60 ner ton Price (per ton)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:$60
50
20
60 70
Quantity (millions of tons)
Refer to Figure 4-8. The supply curve S1 and the demand curve D indicate initial conditions
in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve
from S, to S2. Imposing the tax increases the equilibrium price of soft coal from
Select one:
O a. $20 to $50 per ton.
O b. $50 to $90 per ton.
O c. $50 to $60 per ton.
O d. $20 to $60 per ton.
Price (per ton)
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