Question: The vertical distance between points A and B represents a tax in the market. Refer to Figure 8 - 4 . The equilibrium price before

The vertical distance between points A and B represents a tax in the market.
Refer to Figure 8-4. The equilibrium price before the tax is imposed is
a.
$24, and the equilibrium quantity is 70.
b.
$10, and the equilibrium quantity is 70.
c.
$16, and the equilibrium quantity is 100.
d.
$8, and the equilibrium quantity is 100.

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