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Figure 6-13 A graph of price, P, versus quantity, Q, shows two parallel supply curves, S 1 and S 2, and a demand curve, D.
Figure 6-13 A graph of price, P, versus quantity, Q, shows two parallel supply curves, S 1 and S 2, and a demand curve, D. The supply curves are straight lines ascending to the right, and the demand curve is a straight line descending from upper left to lower right. S 1 is to the right of S 2. S 1 intersects Curve D at point (120, 9), and S 2 intersects Curve D at point (105, 12). Point (105, 8), is marked on S 1. Refer to Figure 6-13. Acme, Inc. is a seller of the good. Acme sells a unit of the good to a buyer and then pays the tax on that unit to the government. After paying the tax, Acme receives how much? a. $9.00 b. $10.50 c. $8.00 d. $12.00
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