Question
Figure 5 43.Refer to Figure 5 showing the market for frisbees before and after a tax is imposed. The tax on each frisbee is A)$0.40.
Figure 5
43.Refer to Figure 5 showing the market for frisbees before and after a tax is imposed. The tax on each frisbee is
A)$0.40. B) $0.60. C) $1.00.
D)$5.60.
E)$6.60.
44.Refer to Figure 5 showing the market for frisbees before and after a tax is imposed. On each frisbee, the sellers' share of the tax is
A)$0.40. B) $0.60. C) $1.00.
D)$5.60.
E)$6.60.
45.Refer to Figure 5 showing the market for frisbees before and after a tax is imposed. On each frisbee, the buyers' share of the tax is
A)$0.40.B) $0.60.
C)$1.00.
D)$5.60.
E)$6.60.
46.Refer to Figure 5 showing the market for frisbees before and after a tax is imposed.
Government revenue from the tax is
A)$4,000.B) $5,000.
C)$22,400.
D)$26,400.
E)$30,000.
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