A tax on sellers has what effect on a market?
A) Supply shifts vertically upward by the amount of the tax.
B) Demand does not change.
C) Equilibrium price increases and equilibrium quantity decreases.
D) All of these are effects of a sellers' tax.
Correct Answer:
Verified
Q23: One way to ensure all producers benefit
Q24: In an effort to prevent hunger in
Q25: An effective price ceiling:
A)must be set above
Q26: Because a price floor causes:
A)a shortage,rationing must
Q27: An effective price floor:
A)must be set above
Q30: Because a price ceiling causes:
A)a shortage,rationing must
Q32: An effective price ceiling:
A)will cause quantity demanded
Q33: Taxes:
A)are the main way that governments raise
Q39: Governments tend to set price ceilings:
A) to
Q96: A tax on sellers:
A) shifts the supply
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents