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Figure 18-2 Figure 18-2 Shows the Widget Market Before and After an and After

Question 220

Multiple Choice

Figure 18-2
Figure 18-2 Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax? A) 0 percent B) 20 percent C) 50 percent D) 80 percent
Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax?


A) 0 percent
B) 20 percent
C) 50 percent
D) 80 percent

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