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Question 197

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Use the following to answer questions:
Figure: The Market for Yachts Use the following to answer questions: Figure: The Market for Yachts -(Figure: The Market for Yachts) Look at the figure The Market for Yachts. A price _____ of _____ will bring the about the same price and output in the market for yachts as would an excise tax of $60,000. A) ceiling; $80,000 B) ceiling; $100,000 C) floor; $100,000 D) floor; $160,000
-(Figure: The Market for Yachts) Look at the figure The Market for Yachts. A price _____ of _____ will bring the about the same price and output in the market for yachts as would an excise tax of $60,000.


A) ceiling; $80,000
B) ceiling; $100,000
C) floor; $100,000
D) floor; $160,000

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