When a tax is placed on the sellers of a product a buyers pay more and sellers

When a tax is placed on the sellers of a product a

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46.When a tax is placed on the sellers of a product, a.buyers pay more and sellers receive more than they did before the tax.b.buyers pay more and sellers receive less than they did before the tax.c.buyers pay less and sellers receive more than they did before the tax.d.buyers pay less and sellers receive less than they did before the tax.____ 47.Suppose sellers of liquor are required to send $1.00 to the government for every bottle of liquor they sell. Further, suppose this tax causes the price paid by buyers of liquor to rise by $0.80 per bottle. Which of the following statements is correct? ____ 48.When a tax is levied on sellers of tea, ____49.Which of the following statements is correct concerning the burden of a tax imposed on candles?
Figure 6-9SDD after tax1020304050607080quantity12345678910price____ 50.Refer to Figure 6-9. The burden of the tax on buyers is a.$1 per unit.b.$1.50 per unit.c.$2 per unit.d.$3 per unit.Figure 6-12DSS after tax246810121416quantity123456789price____ 51.Refer to Figure 6-12. How much tax revenue does this tax produce for the government? d. $56
Figure 6-1510____ 52.Refer to Figure 6-15.Suppose a tax of $5 per unit is imposed on this market. What will be the new equilib-rium quantity in this market? ____ 53.Suppose that a tax is placed on books. If the buyers pay the majority of the tax, then we know that the Figure 6-16Panel (a) Panel (b)
DSquantitypriceDSquantitypricePanel (c)DSquantityprice____ 54.Refer to Figure 6-16. In which market will the majority of the tax burden fall on sellers? a.market (a)b.market (b)c.market (c)d.All of the above are correct.

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