A tax on sellers:
A. causes equilibrium price to increase and equilibrium quantity to decrease.
B. cause equilibrium price and quantity to increase.
C. cause equilibrium price and quantity to decrease.
D. cause equilibrium price to decrease and equilibrium quantity to increase.
A. causes equilibrium price to increase and equilibrium quantity to decrease.
Economics
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Use the above figure. Refer to the above diagram where curves (a) through (d) are for four different countries. Income is equally distributed in
A) Country A. B) Country B. C) Country C. D) Country D.
Economics
If you returned a $5 Federal Reserve note to the Fed, you could receive: a. $5 in silver
b. $5 in gold. c. 5 one-dollar bills. d. 10 one-dollar bills. e. a small gold bar.
Economics