13. This question corresponds with the demand and supply curves below for good X Demand: P-900-700 Supply: P = 100 Qs (P= Price, QpQuantity demanded) (Qs Quantity supplied) If a $10 per unit tax is imposed on the suppliers of this market, then: O a suppliers will bear a burden of $8.75 from this tax Ob.consumers will bear a burden of $8.75 from this tax Oc. suppliers will bear a burden of $98.75 from this tax O d.consumers will bear the entire burden of this tax Oe. none of the above

13. This question corresponds with the demand and supply curves below for good X Demand: P-900-700 Supply: P = 100 Qs (P= Price, QpQuantity demanded) (Qs Quantity supplied) If a $10 per unit tax is imposed on the suppliers of this market, then: O a suppliers will bear a burden of $8.75 from this tax Ob.consumers will bear a burden of $8.75 from this tax Oc. suppliers will bear a burden of $98.75 from this tax O d.consumers will bear the entire burden of this tax Oe. none of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand And Government Policies

Section: Chapter Questions

Problem 3CQQ

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In a market where the supply curve is perfectly inelastic how does an excise tax affect the price paid by consumers and the quantity bought and sold?
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