The Graph Shows the Supply Curve for a Product Before

question 56

Multiple Choice

The graph shows the supply curve for a product before tax ( S ₀ ) and after an excise tax is imposed ( S ₁) . The excise tax on the product is ultimately paid

• A)by buyers only.
• B)by sellers only.
• C)75 percent by buyers and 25 percent by sellers.
• D)25 percent by buyers and 75 percent by sellers.

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