(Figure: Market for Good X I) Which of the Following

question 1

Multiple Choice

(Figure: Market for Good X I) Which of the following statements is (are) TRUE? I. A tax on buyers of $3 per unit raises the price buyers pay to $6.
II) A tax on sellers of $3 per unit raises the price buyers pay to $6.
III) With a tax on sellers of $3 per unit, the share of the tax paid by buyers is 67%.

• A) I, II, and III
• B) I and III
• C) II and III
• D) I

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Definitions:

Blindsight

A condition in which a person can respond to a visual stimulus without consciously experiencing it.

Cataracts

A medical condition where the lens of the eye becomes progressively opaque, leading to blurred vision.

Frequency

In physics, it refers to the number of occurrences of a repeating event per unit time, often used in the context of waves such as sound or light.

Amplitude

In physics, amplitude refers to the maximum extent of a vibration or oscillation, measured from the position of equilibrium.