A sales tax imposed on sellers shifts the supply curve leftward for the taxed good because the
A) tax is paid by the seller to the government and is, therefore, like a cost of production.
B) tax is actually shifted entirely onto the buyer who can afford only a smaller supply.
C) higher price causes entry into the market.
D) tax shifts the demand curve leftward.
A
Economics
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Suppose that initially there is no public debt. Using the above table, the public debt over this four year period would have
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