Multiple Choice
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow. Figure 4.1
-Refer to Figure 4.1. Assume that initially there is free trade. The price of apples in the United States will increase to 40 cents per apple if a ________ per apple tax tax is imposed.
A) 10 cents
B) 20 cents
C) 30 cents
D) 40 cents
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Refer to the information provided in Figure
Q2: Refer to the information provided in Figure
Q3: Refer to the information provided in Figure
Q4: The government imposes a price floor on
Q6: Refer to the information provided in Figure
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Q11: The price system ultimately determines the allocation