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Business, 09.04.2020 21:32 chanceypray3514

Assume the government imposes a $2.00 tax on a good that costs $5.00. If the price buyers pay increases to $6.50 and the price sellers receive decreases to $4.50, who bears the greater burden of the tax?

a. sellers
b. buyers
c. neither, the burden is split evenly

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Answers: 1

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Assume the government imposes a $2.00 tax on a good that costs $5.00. If the price buyers pay increa...
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