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Figure 6-28 -Refer to Figure 6-28.Suppose a Tax of $4 Per Unit

Question 123

Multiple Choice

Figure 6-28 Figure 6-28 -Refer to Figure 6-28.Suppose a tax of $4 per unit is imposed on this market.Which of the following is correct? A) Buyers and sellers will share the burden of the tax equally. B) Buyers will bear more of the burden of the tax than sellers. C) Sellers will bear more of the burden of the tax than buyers. D) Any of the above is possible in this market.
-Refer to Figure 6-28.Suppose a tax of $4 per unit is imposed on this market.Which of the following is correct?


A) Buyers and sellers will share the burden of the tax equally.
B) Buyers will bear more of the burden of the tax than sellers.
C) Sellers will bear more of the burden of the tax than buyers.
D) Any of the above is possible in this market.

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