Question: Which statement correctly explains why sellers lower the quantity produced from Q subscript 1 to Q subscript 2 ? Because the price received by producers

Which statement correctly explains why sellers lower the quantity produced from Q subscript 1 to Q subscript 2 ?

Because the price received by producers has fallen from P subscript 1 to P subscript P r o d u c e r s end subscript due to the tax imposed.

Because the price paid by consumers has fallen from P subscript C o n s u m e r s end subscript space to P subscript P r o d u c e r s end subscript due to the tax imposed.

Because the price received by producers has fallen from P subscript C o n s u m e r s end subscript space to P subscript P r o d u c e r s end subscript due to the tax imposed.

Because the price paid by consumers has fallen from P subscript 1 to P subscript P r o d u c e r s end subscript due to the tax imposed

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