How does the impact on equilibrium prices and quantity

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Reference no: EM131094950

The price consumers pay has (declined or risen ) to ($12, $14,$8 or $10) . The price producers receive has ( risen or declined) to ($12,$14,$8, or $10) .

How does the impact on equilibrium prices (paid by consumers and received by producers) and quantity differ between a and b?

A) There is no difference. The price consumers pay is higher in both scenarios.

B) There is no difference. The price consumers pay is lower in both scenarios.

C) When the tax is placed on producers, the price consumers pay is higher than if the tax were placed on consumers.

D) When the tax is placed on consumers, the price consumers pay is higher than if the tax were placed on producers.

Reference no: EM131094950

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