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Exhibit 20-8 -Refer to Exhibit 20-8.The Market for Good X Is Initially

Question 38

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Exhibit 20-8
Exhibit 20-8 -Refer to Exhibit 20-8.The market for good X is initially at point A.A tax is then placed on the production of good X.As a result,the equilibrium price changes to __________,and sellers now receive __________ per unit they sell and they get to keep __________ for each unit they sell. A) $11; $10; $9 B) $11; $11; $9 C) $12; $11; $10 D) $12; $11; $9 E) $11; $12; $10
-Refer to Exhibit 20-8.The market for good X is initially at point A.A tax is then placed on the production of good X.As a result,the equilibrium price changes to __________,and sellers now receive __________ per unit they sell and they get to keep __________ for each unit they sell.


A) $11; $10; $9
B) $11; $11; $9
C) $12; $11; $10
D) $12; $11; $9
E) $11; $12; $10

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