Figure 4-22 -Refer to Figure 4-22. Suppose the Same S and D

question 44

Short Answer

Figure 4-22

-Refer to Figure 4-22. Suppose the same S and D curves apply, and a tax of the same amount per unit as shown here is imposed. Now, however, the buyers of the good, rather than the sellers, are required to pay the tax to the government. Now,
a.the burden on buyers will be larger than in the case illustrated in Figure 4-22.
b.the burden on sellers will be smaller than in the case illustrated in Figure 4-22.
c.a downward shift of the demand curve replaces the upward shift of the supply curve.
d.All of the above are correct.

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Definitions:

Kinsey's Research

Studies conducted by Alfred Kinsey that explored human sexuality, notably documented in the Kinsey Reports.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people, specified by the gender(s) of the people they are attracted to.

Observational Study

A study in which the researcher observes and records behavior without influencing the study outcome.

Unmarried Adults

Individuals who are legally single and not involved in a marital union.