When a tax is imposed on a good or service, buyers respond only to the price that ________ the tax, and sellers respond to the price that ________ the tax
A) excludes; includes
B) includes; excludes
C) excludes; excludes
D) includes; includes
B
Economics
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When the average physical product is rising
A) total cost is falling. B) average total cost is increasing. C) average variable cost is falling. D) marginal cost is always rising.
Economics
With regard to GDP, residential property taxes are an example of ____ taxes.
A. variable B. sales C. fixed D. disposable
Economics