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Use the Figure Below to Answer the Following Question(s)

question 269

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Use the figure below to answer the following question(s) .
Figure 4-9 Use the figure below to answer the following question(s) . Figure 4-9   -Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. Which of the following states the actual burden of the tax? A)  $.20 for buyers and $.20 for sellers B)  $.30 for buyers and $.10 for sellers C)  The entire $.40 falls on sellers. D)  The entire $.40 falls on buyers.
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. Which of the following states the actual burden of the tax?


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