6.25 5.00 4.00 0₂ 01 Quantity of Good X Refer to Figure 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do consumers end up paying? O a. 45 percent O b. 55 percent c. 70 percent d. 63 percent

6.25 5.00 4.00 0₂ 01 Quantity of Good X Refer to Figure 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do consumers end up paying? O a. 45 percent O b. 55 percent c. 70 percent d. 63 percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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