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Once the tax has been imposed, the buyers purchase units and pay for each one. P $2 21 19 16 9 E1 15 31 52

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Once the tax has been imposed, the buyers purchase units and pay for each one. P $2 21 19 16 9 E1 15 31 52 Q O A. 15; $16 OB. 15; $9 OC. 15; $6 OD. 31; $19 E. 31; $9Once the tax has been imposed, the sellers produce units and receive for each one sold. On. 15; $15 OB.15;$B c.15;$s Qo.31;$1a 0531;39 Who bears the greater tax incidenee? O A. The sellers 0 B. The buyers 0 C. The government (E) D. The ineidenee is equally shared between buyer and seller. If the producers beer a larger tax incidence than the buyers in a market, which of the following must be true? C:- A. They are not as business savvy as the consumers. {3:- B. Their supply curve must he more elastic than the consumers' demand curve in this market. r -._2- 0. Their supply curve must be less elasc than the consumers' demand curve in this market. i Q D. It must he a market for inferior guods. (:3- E. It mu st be a market for luxury items. After a price ceiling of $8 is placed on the market in the graph shown, which area represents consumer surplus? 15 11 C D F G 8 E 5 15 30 Q OA. A+ C OB. A+ B OC. A+ B + C OD. A+ B+ C +D OE. A+ B+ C+ D + F+ G

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