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Figure 8-4 the Vertical Distance Between Points a and B Represents a Represents

Question 108

Multiple Choice

Figure 8-4
The vertical distance between points A and B represents a tax in the market. Figure 8-4 The vertical distance between points A and B represents a tax in the market.   -Refer to Figure 8-4.The equilibrium price before the tax is imposed is A) $12,and the equilibrium quantity is 35. B) $8,and the equilibrium quantity is 50. C) $5,and the equilibrium quantity is 35. D) $5,and the equilibrium quantity is 50.
-Refer to Figure 8-4.The equilibrium price before the tax is imposed is


A) $12,and the equilibrium quantity is 35.
B) $8,and the equilibrium quantity is 50.
C) $5,and the equilibrium quantity is 35.
D) $5,and the equilibrium quantity is 50.

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