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In the Figure, S Is the Before-Tax Supply Curve and Sₜ

Question 54

Multiple Choice

In the figure, S is the before-tax supply curve and Sₜ is the supply curve after an excise tax is imposed. The burden of this tax is borne A) equally by consumers and producers. B) more heavily by consumers. C) more heavily by producers. D) only by consumers. In the figure, S is the before-tax supply curve and Sₜ is the supply curve after an excise tax is imposed. The burden of this tax is borne


A) equally by consumers and producers.
B) more heavily by consumers.
C) more heavily by producers.
D) only by consumers.

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