Figure 1 Price S+ tax 6.00 5.00 4.00 3.00 2.00 1.00 50 60 Quantity Refer to Figure 1. What is the share of the tax burden per unit that buyers would pay? $1.00 $1.50 $2.50 $3.00 %24

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section16.4: Taxation
Problem 2R
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QUESTION 3
Figure 1
Price
S+ tax
6.00
5.00
4.00
3.00
2.00
1.00
50 60
Quantity
Refer to Figure 1. What is the share of the tax burden per unit that buyers would pay?
$1.00
$1.50
$2.50
$3.00
Transcribed Image Text:QUESTION 3 Figure 1 Price S+ tax 6.00 5.00 4.00 3.00 2.00 1.00 50 60 Quantity Refer to Figure 1. What is the share of the tax burden per unit that buyers would pay? $1.00 $1.50 $2.50 $3.00
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