Question: Question Completion Status: $10 $9 $8 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

Question Completion Status: $10 $9 $8 $7 $6 Price $5 $4

Question Completion Status: $10 $9 $8 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Quantity The following graph shows the demand and supply of tickets for the local college baseball team. In the absence of taxes, the equilibrium price of a ticket is $5 and the equilibrium quantity is 5,000 units. Suppose that regulator levies an excise tax on sellers. The amount of tax equals $2 per ticket. What will be consumer's tax incidence (i.e. price paid by buyers will increase by)? O $3 O $1 O $2 MacBook Air 20 688 DD DD F10

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