A good that is rival in consumption and not excludable is called a

The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The amount of this tax is ________ per bucket of golf balls

A) $4 B) $2 C) $2.50 D) $1 E) $3

Regardless of whether a tax is levied on sellers or buyers, taxes encourage market activity

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