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      Question

      According to the graph on the right, the equilibrium

      price in the market before the tax is imposed is
      A $3.50 Correct Answer Incorrect Answer
      B $5.00 Correct Answer Incorrect Answer
      C $6.00 Correct Answer Incorrect Answer
      D $8.00 Correct Answer Incorrect Answer
      E $9.00 Correct Answer Incorrect Answer

      Solution

      Equilibrium price is the price where demand equals supply.

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