Multiple Choice
Imposing a sales tax on sellers of a product has an effect that is similar to which of the following?
A) An increase in demand for the good.
B) A decrease in consumers' preferences for the good.
C) Anything that decreases the demand and shifts the demand curve leftward.
D) An increase in the costs of production.
E) A decrease in people's willingness to work.
Correct Answer:
Verified
Related Questions
Q4: Q5: Suppose the government imposes a $1 per![]()