If the government passes a law requiring sellers of motorcycles to send $500 to the government for every motorcycle they sell,then
A) the supply curve for motorcycles shifts downward by $500.
B) sellers of motorcycles receive $500 less per motorcycle than they were receiving before the tax.
C) buyers of motorcycles are unaffected by the tax.
D) None of the above is correct.
Correct Answer:
Verified
Q5: A tax imposed on the sellers of
Q21: When a tax is placed on the
Q318: The term tax incidence refers to
A) whether
Q319: A tax on sellers will
A) shift the
Q321: If the government levies a $500 tax
Q324: A tax on buyers will
A) shift the
Q325: When a tax is placed on the
Q326: When a tax is placed on the
Q327: Suppose there is currently a tax of
Q328: When a tax is levied on sellers
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