Figure 8-7 the Vertical Distance Between Points a and B Represents a Represents

Multiple Choice

Figure 8-7
The vertical distance between points A and B represents a tax in the market.

-Refer to Figure 8-7.Before the tax is imposed,the equilibrium price is

A) $16, and the equilibrium quantity is 15.
B) $12, and the equilibrium quantity is 15.
C) $12, and the equilibrium quantity is 25.
D) $8, and the equilibrium quantity is 15.