Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The share of the tax burden borne by consumers is
A) $1.
B) 80 cents.
C) 60 cents
D) 40 cents.
E) 20 cents.

Question

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The share of the tax burden borne by consumers is
A) $1. 
B) 80 cents. 
C) 60 cents 
D) 40 cents. 
E) 20 cents.

Quizplus · Accepted Answer

The Answer of  Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The share of the tax burden borne by consumers is
A) $1. 
B) 80 cents. 
C) 60 cents 
D) 40 cents. 
E) 20 cents.

Consider the Market to Be in Equilibrium with Demand Curve