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Unformatted text preview: If the government imposes a $1,000 tax on automobiles, then the price of an automobile a) Increase by $1,000 b) Increases by less than $1,000 c) Increased by more than $1,000 d) Decrease by less than $1,000 Answer: b) 3) The graph shows the market for tires. According to the graph, the government imposed a tax of ____ per tire. a) $10 b) $30 c) $40 d) $60 Answer: $30 4) According to the graph, buyers pay ____ of the tax. a) $10 b) $20 c) $30 d) $50 Answer: $10 5) According to the graph, the government collects _____. a) $20 b) $200 c) $400 d) $600 Answer: $600...
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- Spring '07