What will happen if a tax is placed on skateboard buyers
A) Supply will shift upward, causing equilibrium price to rise and equilibrium quantity to fall.
B) Demand will shift upward, causing both equilibrium price and quantity to rise.
C) Supply will shift downward, causing equilibrium price to fall and equilibrium quantity to rise.
D) Demand will shift downward, causing both equilibrium price and quantity to fall.
Correct Answer:
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Q89: Figure 6-8 Q90: What do we know about price controls Q91: Figure 6-8 Q92: Which argument would opponents of the minimum Q93: What happens when government imposes price ceilings Q95: Unlike minimum-wage laws,what do wage subsidies do Q96: What does the term "tax incidence" refer Q97: If a tax is imposed on the Q98: What methods are available to raise revenue Q99: What is one disadvantage of government subsidies
A)They
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