Sales Taxes Are Usually Collected from Sellers,who View the Tax

question 270

Multiple Choice

Sales taxes are usually collected from sellers,who view the tax as

• A) resulting from a leftward of the demand curve.
• B) an additional cost of selling the good.
• C) an addition to the demand for the product.
• D) an addition to profit.
• E) the same as a rightward shift of the demand curve.

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Definitions:

Foreign Country

A nation-state or territory that is recognized as independent and distinct from one's own country, governed by its own political and legal systems.

Mechanical Engineer

A professional engineer who designs, analyzes, and maintains mechanical systems.

Fossil Fuel

A natural fuel such as coal, oil, or natural gas, formed in the geological past from the remains of living organisms.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is essential for most known forms of life and used in many industrial processes.