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Figure 4-24 -Refer to Figure 4-24. the Per-Unit Burden of the Tax

question 51

Multiple Choice

Figure 4-24 Figure 4-24   -Refer to Figure 4-24. The per-unit burden of the tax on sellers is A) P<sub>3</sub> -P<sub>1</sub>. B) P<sub>3</sub> - P<sub>2</sub>. C) P<sub>2</sub> - P<sub>1</sub>. D) Q<sub>2</sub> - Q<sub>1</sub>.
-Refer to Figure 4-24. The per-unit burden of the tax on sellers is


Definitions:

Sales

The total amount of revenue generated by the selling of goods or services.

Sales Invoice

A document issued by a seller to a buyer that lists products or services provided and states the sum due for these.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.

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