The Table Gives Data for the Market for a Product

question 121

Multiple Choice

The table gives data for the market for a product. If an excise tax of $3 per unit is imposed on this product, the incidence of the tax will be

• A)$3 on the buyers and $0 on the sellers.
• B)$0 on the buyers and $3 on the sellers.
• C)$2 on the buyers and $1 on the sellers.
• D)$1 on the buyers and $2 on the sellers.

---

Definitions:

Safe Room

A reinforced room designed to provide protection or shelter from extreme weather events or threats, such as tornadoes or home invasions.

Calm

A state of peace and quiet, free from agitation, excitement, or disturbance.

First Aid

The immediate assistance given to any person suffering from either a minor or serious illness or injury, with care provided to preserve life, prevent the condition from worsening, or to promote recovery.

Ventricular Fibrillation

A life-threatening heart rhythm disorder characterized by rapid, irregular heartbeats that prevent the heart from pumping blood effectively.