Consider the Market to Be in Equilibrium with Demand Curve

question 31

Multiple Choice

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The share of the tax burden borne by consumers is

• A) $1.
• B) 80 cents.
• C) 60 cents
• D) 40 cents.
• E) 20 cents.

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