Refer to the above graph It shows the supply curve for a product before tax S

Refer to the above graph it shows the supply curve

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96. Refer to the above graph. It shows the supply curve for a product before tax (S0) and after an excise tax is imposed (S1). If 500 units of the product are sold after the tax is imposed, the amount of the tax borne by the consumer is:A) $125B) $250C) $375D) $500Answer: CTopic: Tax Incidence and Efficiency LossDifficulty: 2 MediumLearning Objective: 19-03Bloom’s: Level 3 ApplyAACSB: AnalyticRefer To: 19-94Reference: 19-97Use the following to answer questions 97-98:[QUESTION]97. The graph above represents the market for a product where D1and S1show the initial supply and demand curves, and supply shifts to S2due to a sales tax. The government's tax revenue is represented by area:
98. The graph above represents the market for a product where D1and S1show the initial supply and demand curves, and supply shifts to S2due to a sales tax. The deadweight loss due to the tax is represented by area:Reference: 19-99Use the following to answer questions 99-102:The following table give data for the market for a product.[QUESTION]99. Refer to the table above. What is the equilibrium price and quantity in this market ?
100. Refer to the table above. If an excise tax of $3 per unit is imposed on this product, the new equilibrium price with tax will be:A) $6B) $5C) $4D) $2Answer: BTopic: Tax Incidence and Efficiency LossDifficulty: 3 HardLearning Objective: 19-03Bloom’s: Level 3 ApplyAACSB: AnalyticRefer to: 19-99[QUESTION]101. Refer to the table above. Refer to the table above. If an excise tax of $3 per unit is imposed on this product, the incidence of the tax will be:[QUESTION]

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