Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: The Market for Yachts
-(Figure: The Market for Yachts) Look at the figure The Market for Yachts. If the government imposes a $30,000 tax on yachts (collected from the producers) , the price of yachts will rise to _____ and the government will collect _____.

A) $100,000; $120 million
B) $120,000; $90 million
C) $140,000; $90 million
D) $160,000; $120 million