Answered: Figure 8-7 Price $22 20- 18- 16 14 12…

Figure 8-7 Price $22 20- 18- 16 14 12 10. 8 6- 4- 2 0 -Tax- 5 10 15 20 25 30 35 40 45 50 D .a. $4 X b. $16 C. $8 d. $12 Quantity Refer to Figure 8-7. What is the price buyers pay after the tax?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 8-7
Price
$22
20-
18-
16
14
12
10
8
6-
2
0
-Tax-
5 10 15 20 25 30 35 40 45 50
D
• a. $4 X
b. $16
C. $8
d. $12
Quantity
Refer to Figure 8-7. What is the price buyers pay after the tax?

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