Figure 6-24
-Refer to Figure 6-24.Suppose sellers,rather than buyers,were required to pay this tax (in the same amount per unit as shown in the graph).Relative to the tax on buyers,the tax on sellers would result in

Question

Figure 6-24 
-Refer to Figure 6-24.Suppose sellers,rather than buyers,were required to pay this tax (in the same amount per unit as shown in the graph).Relative to the tax on buyers,the tax on sellers would result in

Quizplus · Accepted Answer

The tax incidence, or the distribution of the tax burden, does not depend on whether the tax is levied on buyers or sellers. The economic outcome in terms of tax burden distribution and tax revenue remains the same.

Figure 6-24 -Refer to Figure 6-24.Suppose Sellers,rather Than Buyers,were Required to Pay