The difference in the price the buyer pays and the price the sellers keep in the presence of a tax is called:
A. a tax differential.
B. a tax wedge.
C. the tax incidence.
D. the tax burden.
B. a tax wedge.
Economics
You might also like to view...
A firm's price rises. As a result, the
A) supply of labor to the firm decreases, that is, the labor supply curve shifts leftward. B) supply of labor to the firm increases, that is, the labor supply curve shifts rightward. C) demand for labor by the firm increases, that is, the labor demand curve shifts rightward. D) demand for labor by the firm decreases, that is, the labor demand curve shifts leftward.
Economics
Refer to Figure 5.5. Which diagram shows the price-consumption curve resulting from a decrease in the price of good X?
A. A
B. B
C. C
D. D
Economics