Multiple Choice
The table gives data for the market for a product. If an excise tax of $3 per unit is imposed on this product, the incidence of the tax will be
A) $3 on the buyers and $0 on the sellers.
B) $0 on the buyers and $3 on the sellers.
C) $2 on the buyers and $1 on the sellers.
D) $1 on the buyers and $2 on the sellers.
Correct Answer:
Verified
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