The difference between what buyers pay for a unit of a good and what sellers receive is known as the:
A) cost of production.
B) tax.
C) brokerage fee.
D) overhead.

Question

Quizplus · Accepted Answer

The difference between what buyers pay and what sellers receive is commonly referred to as a tax. This is because the amount of money that is "lost" in this transaction can be seen as a kind of tax on the transaction itself.

The Difference Between What Buyers Pay for a Unit of a Good