-Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the consumer?

Name: -Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the consumer?
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Question

Quizplus · Accepted Answer

The tax is paid by both the producer and the consumer. The consumer pays $1 of the tax, and the producer pays $1 of the tax.

-Using the Above Table, a Unit Tax of $2 Is