A tax on the buyers of cereal will increase the price of cereal paid by buyers,
A) decrease the effective price of cereal received by sellers,and decrease the equilibrium quantity of cereal.
B) decrease the effective price of cereal received by sellers,and increase the equilibrium quantity of cereal.
C) increase the effective price of cereal received by sellers,and decrease the equilibrium quantity of cereal.
D) increase the effective price of cereal received by sellers,and increase the equilibrium quantity of cereal.
Correct Answer:
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Q27: When a tax is placed on the
Q28: A tax imposed on the buyers of
Q29: Suppose there is currently a tax of
Q30: A tax on the buyers of sofas
A)increases
Q31: A tax levied on the sellers of
Q33: When a tax is placed on the
Q34: If the government levies a $0.25 tax
Q35: A $2.00 tax levied on the sellers
Q36: A tax on sellers will shift the
A)demand
Q37: A tax imposed on the buyers of
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