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A graph of price, P, versus quantity, Q, shows two parallel supply curves, S 1 and S 2, and a demand curve, D. The supply
A graph of price, P, versus quantity, Q, shows two parallel supply curves, S 1 and S 2, and a demand curve, D. The supply curves are straight lines ascending to the right, and the demand curve is a straight line descending from upper left to lower right. S 1 is to the right of S 2. S 1 intersects Curve D at point (120, 9), and S 2 intersects Curve D at point (105, 12). Point (105, 8), is marked on S 1. Suppose buyers, rather than sellers, were required to pay this tax (in the same amount per unit as shown in the graph). Relative to the tax on sellers, the tax on buyers would result in Group of answer choices sellers bearing a smaller share of the tax burden. the same amount of tax revenue for the government. the increase in producer surplus and the decrease in consumer surplus. buyers bearing a larger share of the tax burden
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