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    Exam 5: Appendix: price Elasticity and Tax Incidence
  5. Question
    Exhibit 5-31 -Refer to Exhibit 5-31. the Tax Burden Borne by Consumers
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Exhibit 5-31 -Refer to Exhibit 5-31. the Tax Burden Borne by Consumers

Question 2

Question 2

Multiple Choice

Exhibit 5-31 Exhibit 5-31   -Refer to Exhibit 5-31. The tax burden borne by consumers is: A)  P<sub>3</sub>DCP<sub>1</sub> B)  P<sub>2</sub>BDP<sub>3</sub> C)  Q<sub>2</sub>CAQ<sub>1</sub> D)  b and c E)  P<sub>2</sub>BCP<sub>1</sub>
-Refer to Exhibit 5-31. The tax burden borne by consumers is:


A) P3DCP1
B) P2BDP3
C) Q2CAQ1
D) b and c
E) P2BCP1

Correct Answer:

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