questions 1-3

Question 1 (1 point) When a good is taxed, in which scenario does the burden of the tax fall mainly on consumers? the tax is levied on producers supply is inelastic, and demand is elastic supply is elastic, and demand is inelastic the tax is levied on consumers Question 2 (1 point) Jane pays Chuck $50 to mow her lawn every week. When the government levies a mowing tax of $10 on Chuck, he raises his price to $60. Jane continues to hire him at the higher price. How much of the tax is borne by the buyer? $ A How much of the tax is borne by the seller? $ Question 3 (1 point) Refer to the figure, match graph with each statement. the majority of a tax will be paid by the buyers 1. a the majority of a tax will be paid by 2, b the sellers 3. C the tax will be roughly equally divided