A tax on the sellers of bottled water will increase the price of bottled water paid by buyers,
A) increase the effective price of bottled water received by sellers, and increase the equilibrium quantity of bottled water.
B) increase the effective price of bottled water received by sellers, and decrease the equilibrium quantity of bottled water.
C) decrease the effective price of bottled water received by sellers, and increase the equilibrium quantity of bottled water.
D) decrease the effective price of bottled water received by sellers, and decrease the equilibrium quantity of bottled water.
Correct Answer:
Verified
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