Figure 6-11

Figure 6-11. On the graph below, the shift of the supply curve from S₁ to S₂ represents the imposition of a tax on a good. On the axes, Q represents the quantity of the good and P represents the price.

-Consider Figure 6-11.Which of these statements about the effects of the tax is correct?

A) The tax is paid by sellers; sellers bear one-half of the burden of the tax; government collects $24 from the tax.
B) The tax is paid by sellers; sellers bear one-third of the burden of the tax; government collects $24 from the tax.
C) The tax is paid by sellers; sellers bear two-thirds of the burden of the tax; government collects $30 from the tax.
D) The tax is paid by buyers; buyers bear two-thirds of the burden of the tax; government collects $16 from the tax.