Multiple Choice
Exhibit 19-2
-Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. As a result, the equilibrium price
A) rises from $5.00 to $6.25.
B) falls from $5.00 to $4.00.
C) remains constant at $5.00.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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