28 24 20 16 12 8 4 0 P 0 4 8 12 O a) $6, buyers Ob) $6, sellers M O c) $48, buyers d) $48, sellers 16 20 S D 15. Based on this graph, depicting the imposition of a $6 per unit sales tax on a good, how much total revenue does the government collect, and who bears more of the economic burden of this tax - buyers or sellers? 24 Q

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
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28
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O a) $6, buyers
Ob) S6, sellers
Oc) $48, buyers
O d) $48, sellers
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S
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24 Q
15. Based on this graph, depicting the imposition of a $6 per unit sales tax on a good, how much total revenue does the government collect, and who bears more of the economic burden of this tax - buyers or
sellers?
Transcribed Image Text:28 24 20 16 12 8 4 0 P 0 4 O a) $6, buyers Ob) S6, sellers Oc) $48, buyers O d) $48, sellers 8 12 16 20 S D 24 Q 15. Based on this graph, depicting the imposition of a $6 per unit sales tax on a good, how much total revenue does the government collect, and who bears more of the economic burden of this tax - buyers or sellers?
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