Question

20) Figure 6-28 10 20 30 40 50 60 70 Q Refer to Figure 6-28. Suppose a tax of $6 per unit is imposed on this market. How much
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Answer #1

Ans: $4

Explanation:

Suppose a tax of $6 per unit is imposed on this market then the market price will be $10.

Consumer will pay $10 and seller will receive $4.

The tax per unit = $10 - $4 = $6

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