What effect does a tax levied on the buyers of a product have
A) It shifts the supply curve upward (or to the left) .
B) It shifts the supply curve downward (or to the right) .
C) It shifts the demand curve downward (or to the left) .
D) It shifts the demand curve upward (or to the right) .
Correct Answer:
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Q2: Which of the following is used in
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