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Consider the graph, which shows the effect of a per-unit tax on a market. Which of the following statements is correct? a.) Sellers earn the
Consider the graph, which shows the effect of a per-unit tax on a market. Which of the following statements is correct? a.) Sellers earn the price P subscript P r o d u c e r s end subscript, which is above the original equilibrium price. b.) Sellers lower the quantity produced from Q subscript 1 to Q subscript 2 because the price paid by consumers has fallen from P subscript C o n s u m e r s end subscript to P subscript P r o d u c e r s end subscript. c.) The dollar amount of the tax imposed can be written as P subscript 1 minus P subscript P r o d u c e r s end subscript. d.) Consumers pay P subscript C o n s u m e r s end subscript , while the seller receives P subscript P r o d u c e r s end subscript
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