Figure 6-25
-Refer to Figure 6-25.The burden of the tax on buyers is

Name: Figure 6-25 -Refer to Figure 6-25.The burden of the tax on buyers is
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Question

Figure 6-25 
-Refer to Figure 6-25.The burden of the tax on buyers is

Quizplus · Accepted Answer

The burden of the tax on buyers is calculated as the difference between the old and new equilibrium price, which is $10 - $8 = $2 per unit. Therefore, the correct answer is C, as the burden of the tax on buyers is $2 per unit. None of the other choices accurately reflects the burden of the tax on buyers.

Figure 6-25 -Refer to Figure 6-25.The Burden of the Tax on Buyers