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question 36

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  -Refer to the information above to answer this question.If the government imposes a $2 per unit sales tax on this product,how much of that tax will consumers pay and how much will sellers pay? A) Consumers will pay all $2 of the tax. B) Consumers will pay $1.50 and sellers $.50. C) Consumers and sellers will each pay $1. D) Consumers will pay $.50 and seller $1.50. E) Sellers will pay all $2 of the tax.
-Refer to the information above to answer this question.If the government imposes a $2 per unit sales tax on this product,how much of that tax will consumers pay and how much will sellers pay?


Definitions:

Citable

Refers to something that can be officially quoted or referred to, often in academic, legal, or professional contexts.

Secondary Authority

refers to legal materials that are not binding in court but can influence decisions, such as legal dictionaries, encyclopedias, articles, and legal commentary.

Legal Encyclopedia

A comprehensive set of volumes that provide detailed explanations of legal terms, principles, and precedents.

Breach-of-Warranty

A legal term describing a failure to fulfill the terms of a warranty provided in the sale of a product.

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