Question 1 given the supply and demand diagram given in, Ask an Expert

Economics

Question: 1. Given the supply and demand diagram given in Figure 1, if a tax of $12 is placed on the supplier, _________ will be borne by the seller, while ________ will be borne by the buyer

A. $12, $0

B. $6, $6

C. $4, $6

D. $6, $4

2. Which of the following tax deductions would NOT be recommended under the Haig-Simons definition of comprehensive income?

A. Casualty theft and losses

B. Business travel expenses

C. Medical expenses

D. Home mortgage interest

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92583068

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