Multiple Choice
In the diagram above,D represents the original demand curve,S represents the original supply curve,and S' represents the supply curve once a per-unit tax is imposed.
-Refer to the diagram above.The total dollar value of the burden of the tax on producers is equal to
A) (AG) (GJ) + ½(JH) (HC) .
B) (AG) (GJ) .
C) ½(JH) (HC) .
D) ½(LE) (EI) .
E) ½(AG) (GJ) .
Correct Answer:
Verified
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