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Exhibit 19-2 ​

Question 199

Multiple Choice

Exhibit 19-2
​
Exhibit 19-2 ​ -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S<sub>1</sub> to S<sub>2</sub>. Approximately what percentage of the tax do consumers end up paying? A) 63 percent B) 45 percent C) 70 percent D) 55 percent E) 25 percent
-Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do consumers end up paying?


A) 63 percent
B) 45 percent
C) 70 percent
D) 55 percent
E) 25 percent

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