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Graph 1.3 Price $24 Supply $20 size $16.-....of. tax $12 Demand 200 300 Quantity Graph 1.3 above shows a market where a tax has been
Graph 1.3 Price $24 Supply $20 size $16.-....of. tax $12 Demand 200 300 Quantity Graph 1.3 above shows a market where a tax has been levied. What was the market price before the tax? Select one: a. $20 b. $16 c. $12 d. It isn't possible to tell Graph 1.3 above shows a market where a tax has been levied. What is the price the sellers receive after the tax? Select one: a. $20 b. $16 c. $12 d. It isn't possible to tell Graph 1.3 above shows a market where a tax has been levied. What is the price the buyers pay after the tax? Select one: a. $20 b. $16 c. $12 d. It isn't possible to tell Use Graph 1.3 above. Calculate the area of deadweight loss. It equals: Select one: a. $800 b. $400 c. $1200 d. $8 Use Graph 1.3 above. Calculate the area of tax revenue earned by the government. It equals: Select one: a. $2,000 b. $4,000 c. $2,400 d. $1,600
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