In Figure 6 :

(a) How much is the tax?

(b) How much of this tax is borne by the buyer and how much is borne by the seller? ( LO7 )

Transcribed Image Text:

Price ($) 4 2 16 16 $2 14 12 10 S 8 6 10 10 20 30 40 50 60 Output 70 70 80 80 90 D