In What Way Is the Result of an Excise Tax

question 18

Multiple Choice

In what way is the result of an excise tax imposed on either demanders or suppliers similar to the result of a price floor?

• A) The amount that consumers pay for the good will be less than they previously paid
• B) The amount of the good that will be traded in the market will be greater than previously traded
• C) both price floors and excise taxes create excess demand
• D) The amount that consumers pay for the good will be greater than they previously paid
• E) Both price floors and excise taxes create excess supply

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