(Solved): Given an upward-sloping supply curve and a downward-sloping demand curve, if the government imposes ...

Given an upward-sloping supply curve and a downward-sloping demand curve, if the government imposes a

tax on 12 packs of mechanical pencils: sellers will avoid paying tax by keeping the price unchanged. buyers will bear

, and sellers will bear

of the burden of the tax. neither buyers nor sellers will bear the burden of the tax. the burden of the tax will be borne more by sellers if the supply curve is steeper than the demand curve.