Figure 6-23 -Refer to Figure 6-23.Which of the Following Is Correct

question 61

Multiple Choice

Figure 6-23
-Refer to Figure 6-23.Which of the following is correct?

• A)The entire burden of the tax falls on sellers,and none of the burden of the tax falls on buyers.
• B)One-third of the burden of the tax falls on buyers,and two-thirds of the burden of the tax falls on sellers.
• C)One-half of the burden of the tax falls on buyers,and one-half of the burden of the tax falls on sellers.
• D)Two-thirds of the burden of the tax falls on buyers,and one-third of the burden of the tax falls on sellers.

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Definitions:

Discount Period

The time frame in which a buyer can pay less than the full amount due, often in return for early payment to the seller.

Complement Rate

Another term for a probabilistic or statistical rate that completes another rate to 100% or a whole when combined.

Net Price

The price of a good or service after all discounts, rebates, and other cost reductions have been applied, not including additional charges such as shipping or taxes.

Complement Method

A mathematical technique used to simplify the process of subtraction by utilizing the "complement" of a number.