Solved

Suppose a Tax Is Levied on the Sellers of a Good;

Question 33

Multiple Choice

Suppose a tax is levied on the sellers of a good;


A) then the supply curve shifts upward by the amount of the tax.
B) then the quantity demanded decreases for all conceivable prices of the good.
C) this means that the sellers of the good will receive a lower price from buyers, not that the sellers are actually responsible for paying the tax to the government.
D) All of the above are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents