examine the graph. if the government imposes an excise tax of $2.00 per unit on

1- B) the seller's price increases to $4.00, the buyer's price falls to $2.00, and the quantity traded falls to 100 units. 2-true

ID: 1091272 • Letter: E

Question

examine the graph. if the government imposes an excise tax of $2.00 per unit on a supplier,

A) the buyer's price increases to $4.00, the seller's price falls to $2.00, and the quantity traded falls to 100 units.

B) the seller's price increases to $4.00, the buyer's price falls to $2.00, and the quantity traded falls to 100 units.

C) the buyer's price increases to $4.00, the seller's price falls to $3.00, and the quantity traded falls to 100 units.

D) the buyer's and seller's prices remain at $3.00, and the quantity traded falls to 100 units.

The price of a particular product will shift the supply curve

True/false

$4.00 2.00 100 200

B) the seller's price increases to $4.00, the buyer's price falls to $2.00, and the quantity traded falls to 100 units.

2-true

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