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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Chapter1: Making Economics Decisions
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QUESTION 8
Figure
14-
12
10
6
2
10 20 30 40 50 60 70
Refer 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 19
Figure
20 Trice
18
16
14
12
10
8
D
2
10 20 30 40 50 60 70 80
quantity
Refer to Figure. If the government imposes a price ceiling of $6 on this market, then there will be
O a. a shortage of 40 units.
O b.no shortage.
O C. a shortage of 30 units.
o d. a shortage of 20 units.
Transcribed Image Text:QUESTION 8 Figure 14- 12 10 6 2 10 20 30 40 50 60 70 Refer 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 19 Figure 20 Trice 18 16 14 12 10 8 D 2 10 20 30 40 50 60 70 80 quantity Refer to Figure. If the government imposes a price ceiling of $6 on this market, then there will be O 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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