-If the Government Puts a $2 Excise Tax on a Product

question 127

Multiple Choice

-If the government puts a $2 excise tax on a product and as a result,price rises by $0.75,which of the following statements is correct?

• A)The sellers pay more of the tax than the buyers.
• B)The buyers pay more of the tax than the sellers.
• C)The government's tax revenue falls.
• D)The quantity demanded of the product falls by 37.5%.
• E)The quantity demanded of the product rises by 37.5%.

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Definitions:

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The emotional and psychological condition or state experienced by individuals in the middle phase of their life, often associated with transition and introspection.

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