Figure 6-11 ​

question 181

Multiple Choice

Figure 6-11
​

-Refer to Figure 6-11. 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:

Latin

A classical language belonging to the Italic branch of the Indo-European languages, historically used in the Roman Empire.

Persona

An individual's social facade or front that reflects the role they play in society, distinct from their authentic self.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions, often viewed as beneficial in psychoanalytic theory.

Pent-Up Emotions

Feelings that have been repressed or not expressed, often leading to increased tension or stress.