Exhibit 20-8 -Refer to Exhibit 20-8.The Market for Good X Is Initially

Exhibit 20-8

-Refer to Exhibit 20-8.The market for good X is initially at point A.A tax is then placed on the production of good X.At the new equilibrium,point __________,buyers end up paying __________ of the tax and sellers end up paying __________ of the tax.

A) B; one-half; one-half
B) D; one-half; one-half
C) C; one-half; one-half
D) B; one-quarter; three-quarters
E) none of the above