Price (dollars per bunch) 24- S+tax 22 20 1818 16 14-14 12 10- D 60 80 20 40 60 80 100 120 140 Quantity (bunches per week) The above graph describes the market for roses, which is at equilibrium at point 1. Suppose that the government imposes a tax on the rose sellers of $6 per bunch. What percentage of the economic burden of the tax is paid by the rose buyers? O 50% 67% 100% 0%
Price (dollars per bunch) 24- S+tax 22 20 1818 16 14-14 12 10- D 60 80 20 40 60 80 100 120 140 Quantity (bunches per week) The above graph describes the market for roses, which is at equilibrium at point 1. Suppose that the government imposes a tax on the rose sellers of $6 per bunch. What percentage of the economic burden of the tax is paid by the rose buyers? O 50% 67% 100% 0%
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 10PA
Related questions
Question
![Price (dollars per bunch)
24]
S+tax
22
20
18
18.
16
14
14+
12-
10-
D.
8
64
60
80
20
40
60
80
100
120
140
Quantity (bunches per week)
The above graph describes the market for roses, which is at equilibrium at point 1. Suppose that
the government imposes a tax on the rose sellers of $6 per bunch. What percentage of the
economic burden of the tax is paid by the rose buyers?
50%
67%
100%
0%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad5f8718-b822-43a6-888a-6d9b997f8030%2F18b8de0d-b6ef-4ace-93ab-31d0d17b86ef%2F0vj5r2k_processed.png&w=3840&q=75)
Transcribed Image Text:Price (dollars per bunch)
24]
S+tax
22
20
18
18.
16
14
14+
12-
10-
D.
8
64
60
80
20
40
60
80
100
120
140
Quantity (bunches per week)
The above graph describes the market for roses, which is at equilibrium at point 1. Suppose that
the government imposes a tax on the rose sellers of $6 per bunch. What percentage of the
economic burden of the tax is paid by the rose buyers?
50%
67%
100%
0%
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