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QUESTION 5 Figure: The figure below indicates a tax size of AB T Pike 48 44 Supply 40 36 6:283 Demand 5 10 15 20

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QUESTION 5 Figure: The figure below indicates a tax size of AB T Pike 48 44 Supply 40 36 6:283 Demand 5 10 15 20 25 30 35 40 45 50 53 60 graxtip Refer to Figure 8-7. Which of the following statements is true about tax incidence? O a. Buyers pays less tax then the sellers. O b. Buyers pays more tax than the sellers, O c. Buyers and sellers both will leave the market. O d. Buyers and sellers share the same burden of tax

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