The Demand Curve for Pizza Is Downward Sloping and the Supply

question 157

Multiple Choice

The demand curve for pizza is downward sloping and the supply curve is upward sloping.If the government imposes a $2 tax on a pizza,________ the tax.

• A) only consumers pay
• B) only producers pay
• C) both producers and consumers pay part of
• D) neither producers nor consumers pay part of
• E) the government pays

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