A specific tax
A) Is a fixed dollar amount that must be paid on each unit bought or sold
B) Is a tax that is stated as a percentage of the good's price
C) Is a tax that is stated as a percentage of the good's price, which increases as quantity bought increases
D) Is a tax that is only paid by producers

Question

Quizplus · Accepted Answer

A specific tax is defined as a fixed dollar amount that must be paid on each unit of a good or service that is bought or sold, regardless of the price of the good or service.

A Specific Tax