Figure 8-13
-Refer to Figure 8-13.Suppose the government places a $5 per-unit tax on this good.The per-unit burden of the tax on sellers is
A)$1.
B)$2.
C)$3.
D)$5.

Name: Figure 8-13 -Refer to Figure 8-13.Suppose the government places a $5 per-unit tax on this good.The per-unit burden of the tax on sellers is A)$1. B)$2. C)$3. D)$5.
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Question

Figure 8-13 
-Refer to Figure 8-13.Suppose the government places a $5 per-unit tax on this good.The per-unit burden of the tax on sellers is
A)$1. 
B)$2. 
C)$3. 
D)$5.

Quizplus · Accepted Answer

The per-unit burden of the tax on sellers is $3, as the remaining $2 of the $5 tax is typically passed on to buyers in the form of higher prices.

Figure 8-13 -Refer to Figure 8-13.Suppose the Government Places a $5 Per-Unit