A tax paid by buyers of a good or service:

Name: A tax paid by buyers of a good or service:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A tax paid by buyers of a good or service discourages market activity because it makes the good or service more expensive for buyers, leading to a decrease in quantity demanded. Additionally, it decreases the price received by sellers because the overall amount paid by buyers includes the tax, effectively reducing the portion of the payment that goes to the sellers.

A Tax Paid by Buyers of a Good or Service