Multiple Choice
Suppose that a market is initially in equilibrium. The initial demand curve is . The initial supply curve is . Suppose that the government imposes a $3 tax on this market. How much of this $3 is paid for by producers?
A) $0.
B) $1.
C) $1.50.
D) $2.
Correct Answer:

Verified
Correct Answer:
Verified
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