A tax on milk would likely cause an increase in the

Question

Quizplus · Accepted Answer

If a tax is imposed on milk, it would increase the cost of production for producers, which would ultimately result in an increase in the price consumers pay for milk. The producers would pass on the cost of the tax to consumers, which would decrease demand for milk. Therefore, it is unlikely to increase the amount or the revenue earned from selling milk. Additionally, it may not necessarily result in an increase in profits earned by selling milk.

A Tax on Milk Would Likely Cause an Increase in the