Figure 18-2

Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax?
A)0 percent
B)20 percent
C)50 percent
D)80 percent

Question

Figure 18-2

Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax?
A)0 percent 
B)20 percent 
C)50 percent 
D)80 percent

Quizplus · Accepted Answer

The Answer of Figure 18-2

Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax?
A)0 percent 
B)20 percent 
C)50 percent 
D)80 percent

Figure 18-2 Figure 18-2 Shows the Widget Market Before and After an and After