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The Graph Shows the Supply Curve for a Product Before

Question 296

Multiple Choice

The graph shows the supply curve for a product before tax ( S ₀ ) and after an excise tax is imposed ( S ₁) . The excise tax on the product is ultimately paid A) by buyers only. B) by sellers only. C) 75 percent by buyers and 25 percent by sellers. D) 25 percent by buyers and 75 percent by sellers. The graph shows the supply curve for a product before tax ( S ₀ ) and after an excise tax is imposed ( S ₁) . The excise tax on the product is ultimately paid


A) by buyers only.
B) by sellers only.
C) 75 percent by buyers and 25 percent by sellers.
D) 25 percent by buyers and 75 percent by sellers.

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