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The demand for insulin is perfectly inelastic. As the graph below shows, the quantity of insulin demanded is the same regardless of the price. At

The demand for insulin is perfectly inelastic. As the graph below shows, the quantity of insulin demanded is the same regardless of the price. At the initial equilibrium price of $10 per unit, 8 units are demanded per month. On the diagram, shift the appropriate curve to illustrate the impact of a $2 per-unit tax placed on sellers.

The total incidence of the tax on consumers is $ .

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