Figure 6-11

question 242

Multiple Choice

Figure 6-11. On the graph below, the shift of the supply curve from S₁ to S₂ represents the imposition of a tax on a good. On the axes, Q represents the quantity of the good and P represents the price.

-Consider Figure 6-11.Which of the following statements correctly characterizes the burden of the tax?

• A)One-fourth of the burden falls on buyers and three-fourths of the burden falls on sellers.
• B)One-third of the burden falls on buyers and two-thirds of the burden falls on sellers.
• C)One-half of the burden falls on buyers and one-half of the burden falls on sellers.
• D)Two-thirds of the burden falls on buyers and one-third of the burden falls on sellers.

---

Definitions:

Intelligence

The capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.

Justifiable

The quality of being defensible as right or permissible, often within a specific context such as law or ethics.

Al Qaeda

An international terrorist organization founded by Osama bin Laden, known for coordinating and executing terrorist attacks globally.

U.S. Citizens

Individuals who are legally recognized as members of the United States, with rights and responsibilities under its laws.