Suppose a Tax Is Levied on the Buyers of a Good;

question 235

Multiple Choice

Suppose a tax is levied on the buyers of a good;

• A)then the supply curve shifts upward by the amount of the tax.
• B)then the quantity supplied decreases for all conceivable prices of the good.
• C)this means that the buyers of the good will send tax payments to the government.
• D)this means that the buyers of the good will pay a higher effective price for the good, not that they will send tax payments to the government.

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