Does a tax on buyers affect the supply curve?
A) Yes; the supply curve shifts to the left by the amount of the tax.
B) Yes; the supply curve shifts to the right by the amount of the tax.
C) Yes; the supply curve shifts up by the amount of the tax.
D) No; the supply curve does not move, as there is a change in the quantity supplied instead.
Correct Answer:
Verified
Q130: When a tax is placed on buyers:
A)
Q131: Q132: If the supply curve is more inelastic Q133: Q134: If the demand curve is less elastic Q136: Q137: The relative tax burden borne by buyers Q138: When a tax is placed on sellers: Q139: Q140: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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