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Figure 8-2 The vertical distance between points A and B represents a tax in the market. Supply PRICE Demand 0.5 1.0 1.5 2.0 2.5 3.0
Figure 8-2 The vertical distance between points A and B represents a tax in the market. Supply PRICE Demand 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 QUANTITY Refer to Figure 8-2. The loss of consumer surplus associated with some buyers dropping out of the market as a result of the tax is Select one: O a. $0. O b. $4.50. O c. $3. O d. $1.50. Clear my choiceFigure 6-10 The vertical distance between points A and B represents the tax in the market. Supply 24 PRICE 16 10 Demand 70 100 QUANTITY Refer to Figure 6-10. The per-unit burden of the tax on buyers is Select one: O a. $14. O b. $6. O c. $8. O d. $24.Figure 6-15 Graph (3) Graph (1") Graph (c) Demand Demand e 5 \"'3' E (I II [I n. a. :2. Supply Demand Supply QUANTITY QUANTITYr QUANTITY Refer to Figure 6-15. In which market will the majority of the tax burden fall on buyers? Select one: Q a. The tax burden on buyers is the same for all three graphs. O b. The market shown in graph (8.). Q c. The market Shown in graph (c) Q d. The market shown in graph (b)
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