Figure 18-2 shows the widget market before and after an excise tax is imposed. T

Question

Figure 18-2 shows the widget market before and after an excise tax is imposed. The tax per widget equals Figure 18-2 shows the widget market before and after an excise tax is imposed. After the tax is imposed, the amount that a firm keeps for itself from the sale of each widget is Figure 18-2 shows the widget market before and after an excise tax is imposed. The revenue collected by the tax is 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?

Explanation / Answer

Ans 31 - $20

Ans 32 - $100

Ans 33 - $8000

Ans 34 - 0 percent

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