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Use the Table Below to Answer the Following Questions

Question 86

Multiple Choice

Use the table below to answer the following questions.
Table 6.5.1
The Market for a Prohibited Good Use the table below to answer the following questions. Table 6.5.1 The Market for a Prohibited Good -Refer to Table 6.5.1.If a $2-per-unit cost of breaking the law is imposed on both the buyers and the sellers,the new price is ________ and the new equilibrium quantity is ________ units. A) $8;400 B) $8;300 C) $7;300 D) $9;300 E) $8;200
-Refer to Table 6.5.1.If a $2-per-unit cost of breaking the law is imposed on both the buyers and the sellers,the new price is ________ and the new equilibrium quantity is ________ units.


A) $8;400
B) $8;300
C) $7;300
D) $9;300
E) $8;200

Correct Answer:

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