Exhibit 30-1
-Refer to Exhibit 30-1. If the importing country imposes a tariff of $2 per unit, consumers will pay ____ percent of the tax, and producers will pay ____ percent.

Name: Exhibit 30-1 -Refer to Exhibit 30-1. If the importing country imposes a tariff of $2 per unit, consumers will pay ____ percent of the tax, and producers will pay ____ percent.
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Question

Exhibit 30-1 
-Refer to Exhibit 30-1. If the importing country imposes a tariff of $2 per unit, consumers will pay ____ percent of the tax, and producers will pay ____ percent.

Quizplus · Accepted Answer

The correct answer is D because at the equilibrium quantity, consumers pay 50% of the tax and producers pay 50% of the tax.

Exhibit 30-1 -Refer to Exhibit 30-1. If the Importing Country Imposes a Country