-Refer to Figure 4 -10. Suppose the market is initially in equilibrium at price P₀and now the government imposes a tax on every unit sold. Which of the following statements best describe the impact of the tax? For demand curve D₀ A) the producer bears a greater share of the tax burden if the supply curve is S_0. B) the producer's share of the tax burden is the same whether the supply curve is S₀or S₁. C) the producer bears the entire burden of the tax if the supply curve is S₀and the consumer bears the entire burden of the tax if the supply curve is S_1. D) the producer bears a greater share of the tax burden if the supply curve is S_1.

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The Answer of -Refer to Figure 4 -10. Suppose the market is initially in equilibrium at price P₀and now the government imposes a tax on every unit sold. Which of the following statements best describe the impact of the tax? For demand curve D₀ A) the producer bears a greater share of the tax burden if the supply curve is S_0. B) the producer's share of the tax burden is the same whether the supply curve is S₀or S₁. C) the producer bears the entire burden of the tax if the supply curve is S₀and the consumer bears the entire burden of the tax if the supply curve is S_1. D) the producer bears a greater share of the tax burden if the supply curve is S_1.