-About how much of the tax is paid by consumers in the form of higher prices?
A)$1.00
B)$1.35
C)$1.65
D)$2.00
E)$4.00

Name: -About how much of the tax is paid by consumers in the form of higher prices? A)$1.00 B)$1.35 C)$1.65 D)$2.00 E)$4.00
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Question

-About how much of the tax is paid by consumers in the form of higher prices?
A)$1.00 
B)$1.35 
C)$1.65 
D)$2.00 
E)$4.00

Quizplus · Accepted Answer

The amount of tax paid by consumers in the form of higher prices is typically determined by the elasticity of demand and supply. Without additional context, $1.35 is a plausible estimate for the portion of tax passed on to consumers.

-About How Much of the Tax Is Paid by Consumers