Figure 18-1 Price per unit P₂ P₁ F GE H G 0₁ 0₂ S+ Sales tax Demand Refer to Figure 18-1. Area F+G represents Quantity O the excess burden of the sales tax. O the portion of sales tax revenue borne by consumers. O sales tax revenue collected by the government. the portion of sales tax revenue borne by producers.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Figure 18-1
Price
per
unit
P
P₂
P₁
B
F
GE
H
Q₁
9
0₂
S+ Sales tax
S
Demand
Refer to Figure 18-1. Area F+G represents
Quantity
O the excess burden of the sales tax.
O the portion of sales tax revenue borne by consumers.
O sales tax revenue collected by the government.
O the portion of sales tax revenue borne by producers.
Transcribed Image Text:Figure 18-1 Price per unit P P₂ P₁ B F GE H Q₁ 9 0₂ S+ Sales tax S Demand Refer to Figure 18-1. Area F+G represents Quantity O the excess burden of the sales tax. O the portion of sales tax revenue borne by consumers. O sales tax revenue collected by the government. O the portion of sales tax revenue borne by producers.
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