Multiple Choice
Figure 6-19
-Refer to Figure 6-19.Which of the following is correct?
A) One-fourth of the burden of the tax falls on buyers, and three-fourths of the burden of the tax falls on sellers.
B) One-third of the burden of the tax falls on buyers, and two-thirds of the burden of the tax falls on sellers.
C) One-half of the burden of the tax falls on buyers, and one-half of the burden of the tax falls on sellers.
D) Two-thirds of the burden of the tax falls on buyers, and one-third of the burden of the tax falls on sellers.
Correct Answer:
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