Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure and Table: The Market for Taxi Rides
-(Figure and Table: The Market for Taxi Rides) Look at the figure and table The Market for Taxi Rides. If the government imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount) , then people who ride taxis will pay _____ of each $1 tax.

A) $1
B) $0.50
C) $0.25
D) $0.00