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Which of the following is incorrect in the equivalence between per unit tax imposed on buyers and per unit tax imposed on sellers, ... Question
Which of the following is incorrect in the equivalence between "per unit tax imposed on buyers" and "per unit tax imposed on sellers", ... Question 9 options: the outcomes of these two alternative policies are identical in terms of: level of trade; per unit price ultimately paid by buyers; per unit price ultimately received by sellers; decrease in Consumers' Surplus; decrease in Producers' Surplus; tax revenue generated by the government; magnitude of resulting Deadweight-Loss. the two policies are equivalent to each other from the perspective of buyers, from the perspective of sellers, and from the perspective of society. if the government were to impose an additional $1 of taxes on gasoline, consumers should not care whether they are responsible for paying the tax or if gas station owners are responsible for paying the tax. the two policies are only equivalent to each other from the perspective of buyers and from the perspective of sellers, but not from the perspective of society
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