The market for good x is initially in equilibrium at 5 the


Refer to Exhibit 5-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do producers end up paying?

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Microeconomics: The market for good x is initially in equilibrium at 5 the
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