Multiple Choice
Use the figure below to answer the following question(s) .
Figure 4-8
-Refer to Figure 4-8.The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal.A $40-per-ton tax on soft coal is levied,shifting the supply curve from S₁ to S₂.Imposing the tax increases the equilibrium price of soft coal from
A) $20 to $60 per ton.
B) $20 to $50 per ton.
C) $50 to $60 per ton.
D) $50 to $90 per ton.
Correct Answer:
Verified
Correct Answer:
Verified
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