Figure 6-11 ​

Figure 6-11
​

-Refer to Figure 6-11. Suppose a tax of $2 per unit is imposed on this market. Which of the following is correct?

A) One-fourth of the burden of the tax will fall on buyers, and three-fourths of the burden of the tax will fall on sellers.
B) One-third of the burden of the tax will fall on buyers, and two-thirds of the burden of the tax will fall on sellers.
C) One-half of the burden of the tax will fall on buyers, and one-half of the burden of the tax will fall on sellers.
D) Two-thirds of the burden of the tax will fall on buyers, and one-third of the burden of the tax will fall on sellers.