Refer to Figure 4-21. The price paid by buyers after the tax is imposed is

A) $18.
B) $14.
C) $12.
D) $8.

Buyers

Individuals or entities that purchase goods or services for use or consumption.

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Price

The amount of money expected, required, or given in payment for something.