In the Following Graph, If a $15 Excise Tax Is

question 41

Multiple Choice

In the following graph, if a $15 excise tax is placed on the sale of every bungee jump, the new price that consumers will pay is _____, and the incidence of the tax falls more heavily on _____.

• A) $75; buyers
• B) $75; sellers
• C) $60; buyers
• D) $60; sellers

---

Definitions:

Real Estate Fees

Charges associated with buying or selling property, including commission for real estate agents, closing costs, and other related expenses.

Appraisal

The process of evaluating and determining the market value of a property, asset, or company.

Property Taxes

Taxes paid by property owners based on the assessed value of their real estate, typically levied by local governments.

Oversized

Describes an item, position, or trade that is larger than the normal or usual size; often used in finance to refer to large positions.