In the following graph, if a $15 excise tax is placed on the sale of every bungee jump, the new price that consumers will pay is _____, and the incidence of the tax falls more heavily on _____.

A) $75; buyers
B) $75; sellers
C) $60; buyers
D) $60; sellers

Question

In the following graph, if a $15 excise tax is placed on the sale of every bungee jump, the new price that consumers will pay is _____, and the incidence of the tax falls more heavily on _____.

A) $75; buyers 
B) $75; sellers 
C) $60; buyers 
D) $60; sellers

Quizplus · Accepted Answer

The Answer of In the following graph, if a $15 excise tax is placed on the sale of every bungee jump, the new price that consumers will pay is _____, and the incidence of the tax falls more heavily on _____.

A) $75; buyers 
B) $75; sellers 
C) $60; buyers 
D) $60; sellers

In the Following Graph, If a $15 Excise Tax Is