11.00 10.00 9.00 Supply 8.00 7.00 Demand 6.00 5.00 4.00 3.00 2.00 1.00 300 600 00 900 1200 1500 1800 2100 2400 Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence? O a. 2/3 O b.3/4 O c. 1/3 O d. 1/5

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

11.00
10.00
9.00
Supply
8.00
7.00
Demand
6.00
5.00
4.00
3.00
2.00
1.00
300
600
00
900
1200
1500
1800
2100
2400
Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence?
O a. 2/3
O b.3/4
O c. 1/3
O d. 1/5
Transcribed Image Text:11.00 10.00 9.00 Supply 8.00 7.00 Demand 6.00 5.00 4.00 3.00 2.00 1.00 300 600 00 900 1200 1500 1800 2100 2400 Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence? O a. 2/3 O b.3/4 O c. 1/3 O d. 1/5
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