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​Figure 6-33 The Diagram Shows the Effect of a Tax as Measured

Question 188

Multiple Choice

​Figure 6-33
The diagram shows the effect of a tax as measured by the distance between J and K. ​Figure 6-33 The diagram shows the effect of a tax as measured by the distance between J and K.   -Refer to Figure 6-33.Based upon the diagram,​ A) ​more of the incidence of the tax is on buyers,since the demand curve is more elastic than the supply curve. B) ​more of the incidence of the tax is on sellers,since the demand curve is less elastic than is the supply curve . C) more of the incidence of the tax is on sellers,since supply is more inelastic than demand.​ D) ​more of the incidence of the tax is on buyers,since supply is more inelastic than demand.
-Refer to Figure 6-33.Based upon the diagram,​


A) ​more of the incidence of the tax is on buyers,since the demand curve is more elastic than the supply curve.
B) ​more of the incidence of the tax is on sellers,since the demand curve is less elastic than is the supply curve .
C) more of the incidence of the tax is on sellers,since supply is more inelastic than demand.​
D) ​more of the incidence of the tax is on buyers,since supply is more inelastic than demand.

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