Use the following to answer questions :
Figure: Tax Incidence
-(Figure: Tax Incidence)Use Figure: Tax Incidence.All other things unchanged,the effect of an excise tax on gasoline in the short run is most likely illustrated by panel _____,and the greater share of the burden of the excise tax (shown by the tax wedge in each panel)is borne by _____.

Question

Use the following to answer questions :
Figure: Tax Incidence 
-(Figure: Tax Incidence)Use Figure: Tax Incidence.All other things unchanged,the effect of an excise tax on gasoline in the short run is most likely illustrated by panel _____,and the greater share of the burden of the excise tax (shown by the tax wedge in each panel)is borne by _____.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Figure: Tax Incidence 
-(Figure: Tax Incidence)Use Figure: Tax Incidence.All other things unchanged,the effect of an excise tax on gasoline in the short run is most likely illustrated by panel _____,and the greater share of the burden of the excise tax (shown by the tax wedge in each panel)is borne by _____.

Use the Following to Answer Questions