A law is passed that requires the buyers of a good to pay a tax on each unit of the good they buy.The initial effect of the tax is on
A) the supply of the good.
B) the demand for the good.
C) both the supply of the good and the demand for the good.
D) the price of the good.
Correct Answer:
Verified
Q4: When a tax is imposed on the
Q100: Unlike minimum wage laws, wage subsidies:
A)discourage firms
Q111: To which of the following types of
Q112: When government imposes a price ceiling or
Q114: The Earned Income Tax Credit is an
Q117: The term tax incidence refers to the
A)widespread
Q118: There are several criticisms of the minimum
Q119: Which of the following would be the
Q182: Opponents of the minimum wage point out
Q202: Which of the following is not a
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