Figure 6-19 -Refer to Figure 6-19.Suppose a Tax of $2 Per Unit

question 9

Multiple Choice

Figure 6-19
-Refer to Figure 6-19.Suppose a tax of $2 per unit is imposed on this market.Which of the following is correct?

• A)One-fourth of the burden of the tax will fall on buyers,and three-fourths of the burden of the tax will fall on sellers.
• B)One-third of the burden of the tax will fall on buyers,and two-thirds of the burden of the tax will fall on sellers.
• C)One-half of the burden of the tax will fall on buyers,and one-half of the burden of the tax will fall on sellers.
• D)Two-thirds of the burden of the tax will fall on buyers,and one-third of the burden of the tax will fall on sellers.

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Definitions:

STM

Short-Term Memory, a part of the memory system where information is stored for a short duration, typically seconds to minutes.

Polygenic

Referring to a trait or characteristic that is influenced by multiple genes rather than a single gene.

Monogenic Inheritance

A hereditary pattern where a trait is determined by a single gene.

Correlation And Causation

The relationship between two variables where one variable is found to be related to the other, but this does not necessarily indicate that one causes the other.