Refer to the above figure. Suppose before a tax is imposed, the supply curve is

Question

Refer to the above figure. Suppose before a tax is imposed, the supply curve is given by S and the demand curve is given by D. Then a tax is imposed causing the demand curve to shift to "D with tax". What is the price that the buyer pays after the tax is imposed? $12 $14 $17 $18 Refer to the above figure. Suppose before a tax is imposed, the supply curve is given by S and the demand curve is given by D. Then a tax is imposed causing the demand curve to shift to "D with tax". What is the price that the seller receives after the tax is imposed? $12 $14 $17 $18

Explanation / Answer

For First One C is Correct$17.

For Second One B is Correct $14 will be recieved net of Taxes by seller.

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