If a tax is levied on the sellers of a product, then there will be a(n)
a. downward shift of the demand curve.
b. upward shift of the demand curve.
c. decrease in quantity demanded.
d. increase in quantity demanded.
c
Economics
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According to the Laffer curve
A. an increase in tax rates will have an inconsistent effect on tax revenues. B. a decrease in tax rates will always increases tax revenues. C. an increase in tax rates will always increase tax revenues. D. a decrease in tax rates will always decrease tax revenues.
Economics
Which always increase(s) as output increases?
A) Marginal Cost only B) Fixed Cost only C) Total Cost only D) Variable Cost only E) Total Cost and Variable Cost
Economics