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AHow Much Is the Tax in the Above Graph

question 102

Essay

A.How much is the tax in the above graph?
B.How much of this tax is borne by the buyer and how much is borne by the seller?
C.As a result of the tax, by about how much does consumption fall? A.How much is the tax in the above graph? B.How much of this tax is borne by the buyer and how much is borne by the seller? C.As a result of the tax, by about how much does consumption fall?   (a) $6 (b) Buyer pays $1 and seller pays $5 (c) about 16 (a) $6
(b) Buyer pays $1 and seller pays $5
(c) about 16


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