Use the Following Information to Answer the Following Questions

question 31

Multiple Choice

Use the following information to answer the following questions.
The following graph depicts a market where a tax has been imposed.P_e was the equilibrium price before the tax was imposed,and Q_e was the equilibrium quantity.After the tax,P_C is the price that consumers pay,and P_S is the price that producers receive.Q_T units are sold after the tax is imposed.NOTE: The areas B and C are rectangles that are divided by the supply curve S_T.Include both sections of those rectangles when choosing your answers.

-Which party is responsible for paying this tax out of pocket?

• A) consumers
• B) producers
• C) both consumers and producers
• D) some consumers and some producers,but not all consumers and producers
• E) some consumers and no producers

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Definitions:

Sphygmomanometer

A device used to measure blood pressure, comprising a cuff to restrict blood flow and a manometer to measure the pressure.

Arterial Blood Pressure

The force exerted by circulating blood upon the walls of the arteries.

Breath Sounds

The sounds made by air as it moves through the respiratory system, which are auscultated with a stethoscope by a healthcare provider during a physical examination.

ECG

Electrocardiogram, a test that measures the electrical activity of the heart to identify various heart conditions.