Exhibit 19-8 ​

Exhibit 19-8
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-Refer to Exhibit 19-8. The market for good X is initially at point A. A tax is then placed on the production of good X. At the new equilibrium, point __________, buyers end up paying __________ of the tax and sellers end up paying __________ of the tax.

A) B; one-half; one-half
B) D; one-half; one-half
C) C; one-half; one-half
D) B; one-quarter; three-quarters
E) none of the above