Refer to the graph shown. If the elasticity of supply is 1, the burden of the tax will be shared equally by consumers and suppliers at which point?
A) A
B) C
C) E
D) It depends on who pays the tax.

Question

Refer to the graph shown. If the elasticity of supply is 1, the burden of the tax will be shared equally by consumers and suppliers at which point? 
A) A 
B) C 
C) E 
D) It depends on who pays the tax.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If the elasticity of supply is 1, the burden of the tax will be shared equally by consumers and suppliers at which point? 
A) A 
B) C 
C) E 
D) It depends on who pays the tax.

Refer to the Graph Shown