QUESTION 8Figure14-12106210 20 30 40 50 60 70Refer to Figure. If the government imposed a tax of $6 per unit in this market then which of the following statements would be correct?O a. The burden of tax will fall equally on the buyers and sellers.O b. The burden of tax will fall more on the buyers.O C. The burden of tax will fall more on the sellers.O d. Neither buyer or seller will have to pay the tax.QUESTION 19Figure20 Trice18161412108D210 20 30 40 50 60 70 80quantityRefer to Figure. If the government imposes a price ceiling of $6 on this market, then there will beO a. a shortage of 40 units.O b.no shortage.O C. a shortage of 30 units.o d. a shortage of 20 units.

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to Figure. If the government imposed a tax of $6 per unit in this market then which of the following statements would be correct? The burden of tax uill fall eoually on the buvers and celle

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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