If the government levies a $1600 tax per boat on sellers of boats, then the price paid by buyers of boats would

Name: If the government levies a $1600 tax per boat on sellers of boats, then the price paid by buyers of boats would
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The price paid by buyers typically increases by less than the tax amount because the tax burden is shared between buyers and sellers, leading to a new equilibrium price that is higher than the original price but by less than the full amount of the tax.

If the Government Levies a $1600 Tax Per Boat on Sellers