Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other. -Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the consumer's burden of the tax A) is greater under the more elastic supply curve S₀. B) is greater under the less elastic supply curve S₀. C) is greater under the less elastic supply curve S₁. D) is the same under either supply curve because there is a single demand curve that captures buyers' market behavior.

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The Answer of Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other. -Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the consumer's burden of the tax A) is greater under the more elastic supply curve S₀. B) is greater under the less elastic supply curve S₀. C) is greater under the less elastic supply curve S₁. D) is the same under either supply curve because there is a single demand curve that captures buyers' market behavior.

Figure 18-2 Figure 18-2 Shows a Demand Curve and Two