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Figure 4-9 -Refer to Figure 4-9.Suppose the Market Is Initially in Equilibrium

question 196

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Figure 4-9
Figure 4-9 -Refer to Figure 4-9.Suppose the market is initially in equilibrium at price P₁ and now the government imposes a tax on every unit sold.Which of the following statements best describes the impact of the tax? For demand curve D₁ A) the producer bears a greater share of the tax burden if the supply curve is S₂. B) the producer bears a greater share of the tax burden if the supply curve is S₁. C) the producer's share of the tax burden is the same whether the supply curve is S₁ or S₂. D) the producer bears the entire burden of the tax if the supply curve is S₁ and the consumer bears the entire burden of the tax if the supply curve is S₂.
-Refer to Figure 4-9.Suppose the market is initially in equilibrium at price P₁ and now the government imposes a tax on every unit sold.Which of the following statements best describes the impact of the tax? For demand curve D₁

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