Question

The graph shows the market for pillows Oraw a point to show the price of a pillow and the quantity bought and sold Label a1 The government imposes a tax of $4 per pillow on buyers Draw the S+ tax curve and label it Draw a point to show the price paid by buyers and the quantity bought and sold with the lax Label t 2 Draw a point to indicate the price received by sellers and the quantity bought and sold with the tax Labeli 3 Price [dollars per pillow) The tax is paid by the buyers because it is imposed on the buyers by the government O A. True ( B. False Ta Quantity (millions of pilows per year

Can someone help me with this HW question thank you.

Answer 1

Following is diagram:

Answer: (B) or False statement.

The graph shows the market for pillows. Price idollars per pilow) a point to show the price of a pillow and the quantity bought and sald 1 ahel a 1 The goveimuert imposes a tax of $4 per pllow on buyers Draw lihe S+ lax curve and label it Draw a polnt to show the price paid by buyers and the quantly bought and sold with the lay I hla2 Draw a polnt to Indicate the price receved by sellers and the quantity bought and sold with the tax Labhel ia 3 Burden on Buyer Burden o Sellers The lax is paid by the buyers because it is imposed on the buyers by the government O A. True O B. Falsg Quantity milions of pilows per yean

Burden of tax is being distributed between buyer and seller.