Exhibit 19-2

-Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S₁ to S₂. Approximately what percentage of the tax do consumers end up paying?

Question

Exhibit 19-2

Exhibit 19-2 -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S<sub>1</sub> to S<sub>2</sub>. Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent

Exhibit 19-2 -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S<sub>1</sub> to S<sub>2</sub>. Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent

-Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S₁ to S₂. Approximately what percentage of the tax do consumers end up paying?

Quizplus · Accepted Answer

The Answer of Exhibit 19-2 -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S₁ to S₂. Approximately what percentage of the tax do consumers end up paying? A)63 percent B)45 percent C)70 percent D)55 percent E)25 percent

Exhibit 19-2 ​

Exhibit 19-2