When a unit tax is placed on suppliers they are generally able to _____
a. lobby to get the tax repealed
b. shift the tax payment to the demanders
c. shift part of the tax burden to the demanders in the form of a secondary tax
d. shift part of the tax burden to the demanders in the form of a higher price
d
Economics
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Of the following countries, which grew most slowly, in terms of real GDP per person, over about the last 120 years?
a. Brazil b. Mexico c. China d. United States
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In a market in which the government has set a price ceiling below the equilibrium price:
A. there will be excess supply. B. the quantity demanded will equal quantity supplied. C. a black market might develop. D. quantity supplied will exceed quantity demanded.
Economics