Figure 4-8



Refer to . 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 S1 to S2. Imposing the tax increases the equilibrium price of soft coal from

a.

$20 to $60 per ton.

b.

$20 to $50 per ton.

c.

$50 to $60 per ton.

d.

$50 to $90 per ton.


c

Economics

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