21) The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax.P484440363228242016128403000FIGURE 18-5--6000STQ9000 12000 15000 18000 21000Refer to Figure 18-5. The direct burden of the tax is equal toA) $432 000. B) $294 000. C) $138 000. D) $84 000.21)E) $12 000.

Tax refers to the sum of money that is charged to the consumer and producers by the government. It…

21) The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. PENGEN Р 48 44 40 36 32 28 24 20 16 12 8 4 0 HI FIGURE 18-5 1 i Q 3000 6000 9000 12000 15000 18000 21000 ST Refer to Figure 18-5. The direct burden of the tax is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. S 21) E) $12 000.

21) The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. PENGEN Р 48 44 40 36 32 28 24 20 16 12 8 4 0 HI FIGURE 18-5 1 i Q 3000 6000 9000 12000 15000 18000 21000 ST Refer to Figure 18-5. The direct burden of the tax is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. S 21) E) $12 000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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