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Author Question: Refer to Figure 4-11.Suppose the market is initially in equilibrium at price P 1and then ... (Read 98 times)

cnetterville

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on: Mar 15, 2019

Figure 4-11










Refer to Figure 4-11.  Suppose the market is initially in equilibrium at price 
P
1 and then the government imposes a tax on every unit sold. Which of the following statements best describes the impact of the tax?


◦ The consumer will bear a greater share of the tax burden if the demand curve is 
D
1.
◦ The consumer's share of the tax burden is the same whether the demand curve is 
D
1 or 
D
2
.
◦ The consumer will bear a greater share of the tax burden if the demand curve is 
D
2.
◦ The consumer will bear the entire burden of the tax if the demand curve is 
D
1 and the producer will bear the entire burden of the tax if the demand curve is 
D
2.
« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by cnetterville on Mar 15, 2019

milbourne11

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cnetterville

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Reply 2 on: Mar 15, 2019
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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