Economics Quiz
The per unit burden of the tax on sellers is
$2
The per-unit burden of the tax on buyers is
$3
The amount of the tax on each unti of the good is
$5
the amount of tax revenue recieved by the government is
$5
effective price that sellers recieve
10
tax per unit
14
the amount of deadweight loss as a result of the tax is
2.50
buyers pay after tax is imposed
24
per unit burden on sellers
6
per unit burden on buyers
8
majority of tax burden falls on sellers
A
majority of tax falls on buyers
B
equally divided between buyers and sellers
C
the imposition of the tax cause the price received by sellers to
decrease by $2
the imposition of the tax causes the quanity sold to
decrease by 1 unit
the imposition of the tax causes the price paid by buyers to
increase by $3
A tax on sellers will shift the
supply curve upward by the amount of the tax
