Use the following graph for a competitive market to answer the question below.Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The amount of the tax revenue paid by the seller is

A. $600.
B. $300.
C. $2100.
D. $900.

Answer: A

Economics

You might also like to view...

"If the currency drain ratio increases, the monetary base decreases." Explain whether the previous statement is correct or incorrect

What will be an ideal response?

Economics

Based on the information in the above table, what is the unemployment rate? What is the labor force participation rate?

What will be an ideal response?

Economics