Figure 6-19 -Refer to Figure 6-19.Suppose a Tax of $2 Per Unit

question 9

Multiple Choice

Figure 6-19
-Refer to Figure 6-19.Suppose a tax of $2 per unit is imposed on this market.Which of the following is correct?

• A)One-fourth of the burden of the tax will fall on buyers,and three-fourths of the burden of the tax will fall on sellers.
• B)One-third of the burden of the tax will fall on buyers,and two-thirds of the burden of the tax will fall on sellers.
• C)One-half of the burden of the tax will fall on buyers,and one-half of the burden of the tax will fall on sellers.
• D)Two-thirds of the burden of the tax will fall on buyers,and one-third of the burden of the tax will fall on sellers.

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Definitions:

Ambulatory

A covered walkway, especially one that encircles the central area of a cathedral or basilica, allowing for processions or for worshippers to walk around the sacred space.

Santa Maria Maggiore

A major basilica in Rome, Italy, famous for its pristine ancient mosaics and significant in the history of Roman Catholic Mariology.

Biblical Figure

An individual whose existence or actions are described in the Bible, such as prophets, kings, disciples, and various other characters.

Mosaics

Art forms created by arranging small pieces of colored glass, stone, or other materials to create patterns or images, often used in floor and wall decoration.