Solved

When a Tax Is Levied on Buyers of Tea

Question 57

Multiple Choice

When a tax is levied on buyers of tea,


A) buyers of tea and sellers of tea both are made worse off.
B) buyers of tea are made worse off,and the well-being of sellers is unaffected.
C) buyers of tea are made worse off,and sellers of tea are made better off.
D) the well-being of both buyers of tea and sellers of tea is unaffected.

Correct Answer:

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