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Graph only 5. If the government were to impose a tax on the sale of television sets, who would incur the burden of the tax?

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Graph only

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5. If the government were to impose a tax on the sale of television sets, who would incur the burden of the tax? Explain. If the government were to impose a tax on the sale of television sets, both the consumer and the seller would incur the burden of the tax. The demand of television sets are relatively elastic and a small chance in price will have an impact on the demand. 6. Use a Marshallian Cross to demonstrate your answer to number 3

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