Exhibit 20-2

-Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X,as shown by the shift of S₁ to S₂.Approximately what percentage of the tax do consumers end up paying?

Question

Exhibit 20-2
Exhibit 20-2 -Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X,as shown by the shift of S<sub>1</sub> to S<sub>2</sub>.Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent

Exhibit 20-2 -Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X,as shown by the shift of S<sub>1</sub> to S<sub>2</sub>.Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent

-Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X,as shown by the shift of S₁ to S₂.Approximately what percentage of the tax do consumers end up paying?

Quizplus · Accepted Answer

The Answer of Exhibit 20-2 -Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X,as shown by the shift of S₁ to S₂.Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent

Exhibit 20-2 -Refer to Exhibit 20-2.The Market for Good X Is Initially