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$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S, and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. $20 to $ 60 ner ton Price (per ton)

$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S, and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. $20 to $ 60 ner ton Price (per ton)

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 3CQQ
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$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S1 and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. O d. $20 to $60 per ton. Price (per ton)
Transcribed Image Text:$60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S1 and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S, to S2. Imposing the tax increases the equilibrium price of soft coal from Select one: O a. $20 to $50 per ton. O b. $50 to $90 per ton. O c. $50 to $60 per ton. O d. $20 to $60 per ton. Price (per ton)
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