Typed plz and asap please provide Me a high quality solution and take Care of plagiarism aslo thaks Figure and Table: The Market for Taxi Rides Reference: Ref 7 -2 (Figure and Table: The Market for Taxi Rides) Look at thefigure and table The Market for Taxi Rides. If the government imposes an excise tax of $1 per ride (causing the supplycurve to shift upward by that amount), then people who ride taxis will pay of each $1 tax. a. $0.25 b. $1 c. $0.50 d. $0.004. Figure and Table: The Market for Taxi RidesFare(per ride)$7.507.006.506.005.50E5.004.504.003.503.002.502.00SD5 6 7 8 9 10 11 12 13 14 15Quantity of ridesFare(per ride)(millions per year)Quantity Demanded(millions ofrides per year)Quantity Supplied(millions ofrides per year)$7.006146.507136.008125.509115.0010104.501194.001283.501373.00146Reference: Ref 7-2(Figure and Table: The Market for Taxi Rides) Look at the figure and table The Market for Taxi Rides. If thegovernment imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount),then people who ride taxis will pay.of each $1 tax.Oa. $0.25Ob. $1Oc. $0.50Od. $0.00

Tax may be described as the charges that the government authoritycollect from the earnings or profit…

Figure and Table: The Market for Taxi Rides Reference: Ref 7-2 (Figure and Table: The Market for Taxi Rides) Look at the figure and table The Market for Taxi Rides. If the government imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount), then people who ride taxis will pay of each $1 tax. a. $0.25 b. $1 c. $0.50 d. $ 0.00 4. Figure and Table: The Market for Taxi Rides Fare (per ride) $7.50 7.00 S 6.50 6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 Х D 5 6 7 8 9 10 11 12 13 14 15 Quantity of rides (millions per year) Quantity Demanded (millions of rides per year) Quantity Supplied (millions of rides per year) Fare (per ride) $7.00 6 14 6.50 7 13 6.00 8 12 5.50 11 5.00 10 10 4.50 11 9 4.00 12 8 3.50 13 7 3.00 14 6 Reference: Ref 7-2 (Figure and Table: The Market for Taxi Rides) Look at the figure and table The Market for Taxi Rides. If the government imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount), then people who ride taxis will pay of each $1 tax. Oa. $0.25 Ob. $1 Oc. $0.50 Od. $0.00