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

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

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

Quizplus · Accepted Answer

The burden of the tax on sellers is the difference between the price they receive after the tax is imposed and the price they would have received without the tax. In this case, the price after the tax is $3 and the price without the tax is $2, so the burden of the tax is $3 - $2 = $1 per unit.

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