The following graph shows the market for the long-distance bus rides. In the absence of taxes, the equilibrium price of a ride is $5 and the equilibrium quantity is 10 million rides. Suppose that regulator levies an excise tax on bus service providers. The amount of excise tax equals $2 per ride. What will be  seller’s tax incidence (i.e. reduction in payment received by sellers)?     $1     $0.50     $2     $0

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