Figure 8-7 the Vertical Distance Between Points a and B Represents a Represents

question 92

Multiple Choice

Figure 8-7
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-7.Which of the following statements summarizes the incidence of the tax?

• A)For each unit of the good that is sold,buyers bear one-half of the tax burden,and sellers bear one-half of the tax burden.
• B)For each unit of the good that is sold,buyers bear one-third of the tax burden,and sellers bear two-thirds of the tax burden.
• C)For each unit of the good that is sold,buyers bear one-fourth of the tax burden,and sellers bear three-fourths of the tax burden.
• D)For each unit of the good that is sold,buyers bear three-fourths of the tax burden,and sellers bear one-fourth of the tax burden.

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Definitions:

Muscle Coordination

The harmonious functioning of muscles or group of muscles for effective movement or physical action.

Front Paws

The forelimbs of quadruped animals, often used for mobility, manipulating objects, or digging.

Long Coat

A type of outerwear that extends well below the waist, often down to the knees or further, providing warmth or protection from the weather.

Transitional Expressions

Transitional expressions are words or phrases used to connect ideas, sentences, or paragraphs, helping to ensure a smooth flow in writing or speech.