If a tax is levied on the buyers of a product, then there will be a(n)
a. upward shift of the demand curve.
b. downward shift of the demand curve.
c. movement up and to the left along the demand curve.
d. movement down and to the right along the demand curve.
b
Economics
You might also like to view...
If a firm has a market price of $15 and an average variable cost of $17, then it will ______.
a. downsize b. expand c. stay open d. shut down
Economics
If North Korea is currently producing at efficiency, and it proceeds to increase the size of its military, then, as long as nothing else changes, its
A. Production of nonmilitary goods will increase. B. Production possibilities curve will shift inward. C. Production possibilities curve will shift outward. D. Production of nonmilitary goods will decrease.
Economics