Figure 122 Figure 12

question 9

Multiple Choice

Figure 12.2 Figure 12.2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 12.2.If the government imposes an excise tax of $1.00 on every unit sold,the producer's burden of the tax

• A) is greater under the more elastic supply curve S₀.
• B) is greater under the less elastic supply curve S₀.
• C) is greater under the less elastic supply curve S₁.
• D) is the same under either supply curve because there is a single demand curve that captures buyers' market behaviour.

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