Refer to Figure 4-22. The effective price sellers receive after the tax is imposed is

A) $1.00.
B) $3.50.
C) $5.00.
D) $6.00.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.

Tax

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 exchanged for a good or service, influenced by factors like supply and demand, production costs, and market competition.