What effect does a tax on buyers of popcorn have on the popcorn market

Name: What effect does a tax on buyers of popcorn have on the popcorn market
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

A tax on buyers of popcorn would increase the price of popcorn, which would decrease demand for popcorn. As a result, the size of the popcorn market would decrease since fewer people would be buying popcorn. This is consistent with the law of demand, which states that as the price of a good increases, the quantity demanded decreases.

What Effect Does a Tax on Buyers of Popcorn Have