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2. On the graph below, the shift of the supply curve from S1 to $2 represents the imposition of a tax on a good. On
2. On the graph below, the shift of the supply curve from S1 to $2 represents the imposition of a tax on a good. On the axes, Q represents the quantity of the good and P represents the price. 91 H N WA UI Q N OO 6 0 8 12 16 Which of these statements about the effects of the tax is correct? a. The tax is levied on sellers; sellers bear one-half of the burden of the tax; government collects $24 from the tax. b. The tax is levied on sellers; sellers bear one-third of the burden of the tax; government collects $24 from the tax. c. The tax is levied on sellers; sellers bear two-thirds of the burden of the tax; government collects $30 from the tax. d. The tax is levied on buyers; buyers bear two-thirds of the burden of the tax; government collects $16 from the tax. e. none of the above
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