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Mark th Question 7 Consider the graph, which shows the effect of a per-unit tax on a market. Which of the following statements is correct?

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Mark th Question 7 Consider the graph, which shows the effect of a per-unit tax on a market. Which of the following statements is correct? Supply 2 Price ($) Tax Supply Consumers P P. Producers Demand Quantity (in units) Sellers can only charge a lower price per unit for their product after the to Sellers earn the price producers which is below the original equilibrium price O Buyers will pay a lower price per unit for their product after the tax. The tox lowers the cost of production

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