If the government passes a law requiring buyers of college textbooks to send $5 to the government for every textbook they buy, then
a. the demand curve for textbooks shifts downward by $5.
b. buyers of textbooks pay $5 more per textbook than they were paying before the tax.
c. sellers of textbooks are unaffected by the tax.
d. All of the above are correct.
a
Economics
You might also like to view...
A firm that maximizes its profits by producing a certain level of output must also:
a) maximize its revenue. b) minimize its variable costs. c) maximize its output d) maximize its sales. e) minimize its cost of producing that output.
Economics
_____ is (are) the buying and selling of U.S. government securities.
a) The discount rate b) The federal funds rate c) Reserve requirements d) Open market operations
Economics