(Figure: an Excise Tax)Use Figure: an Excise Tax

Multiple Choice

(Figure: An Excise Tax) Use Figure: An Excise Tax.If an excise tax equal to $1.10 is imposed on this good,then the price paid by consumers will:

A) rise by $1.10.
B) rise by $1.33.
C) not rise.
D) rise by $0.50.