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Refer to Figure 6 - 1 5 . Suppose a tax of $ 2 per unit is imposed on this market. Which of the following
Refer to Figure Suppose a tax of $ per unit is imposed on this market. Which of the following is correct?
A Onefourth of the burden of the tax will fall on buyers, and threefourths of the burden of the tax will fall on sellers.
B Onethird of the burden of the tax will fall on buyers, and twothirds of the burden of the tax will fall on sellers.
C Onehalf of the burden of the tax will fall on buyers and onehalf of the burden of the tax will fall on sellers.
D Twothirds of the burden of the tax will fall on buyers, and onethird of the burden of the tax will fall on sellers.
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