QUESTION 17 3.30 3.00 2.70 2.40 2.10 1.80 Supply 1.50. 1.20 Demand 0.90 0.60 0.30 5000 10000 15000 20000 25000 30000 35000 40000 If a tax of $1.20 is imposed on consumers in this market, what is the consumer tax-incidence? a. 3/4 O b.2/3 O .1 O d. 1/2

QUESTION 17 3.30 3.00 2.70 2.40 2.10 1.80 Supply 1.50. 1.20 Demand 0.90 0.60 0.30 5000 10000 15000 20000 25000 30000 35000 40000 If a tax of $1.20 is imposed on consumers in this market, what is the consumer tax-incidence? a. 3/4 O b.2/3 O .1 O d. 1/2

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 7PA

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