Which of the Following Is Not Correct

question 559

Multiple Choice

Which of the following is not correct?

• A) Taxes levied on sellers and taxes levied on buyers are not equivalent.
• B) A tax places a wedge between the price that buyers pay and the price that sellers receive.
• C) The wedge between the buyers' price and the sellers' price is the same, regardless of whether the tax levied on buyers or sellers.
• D) In the new after-tax equilibrium, buyers and sellers share the burden of the tax.

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Definitions:

Scientific Method

A systematic approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Sexual History

An account of an individual's past sexual activities, preferences, and significant experiences.

Divorced

The legal dissolution of a marriage by a court or other competent body, resulting in the termination of a marital union.

Descriptive Research Method

A systematic approach to research that aims to describe the characteristics of a phenomenon or population without manipulating variables.