Figure 18-2 Shows a Demand Curve and Two Sets of Supply

question 227

Multiple Choice

Figure 18-2 shows a demand curve and two sets of supply curves,one set more elastic than the other.
-Refer to Figure 18-2.If the government imposes an excise tax of $1.00 on every unit sold,the consumer'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 behavior.

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