Normally, both buyers and sellers of a good become worse off when the good is taxed

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of the following is the best example of what happens when an equilibrium point is reached?

A. A store that sells its televisions for $999 lowers its price to 899 B. All the stores in a city are selling a certain model of television for 899$ C. some customers decide $899 is too high ad buiy a lower-cost television D. The number of tellevision available at $899 is the same as the number of sales

Economics

Changes in the macroeconomy, such as an increase in average per person income, can have effects at the microeconomic level, for example, on the profitability of firms in a particular industry

Indicate whether the statement is true or false

Economics