Citizens expect the government to provide various goods and services making taxes

In a competitive market, when price is below the equilibrium price, there will be pressure for the price to:

A) fall. B) stay the same. C) rise. D) change only if demand and/or supply change.

The individual income tax, the inheritance tax, and the head tax are all examples of direct taxes

a. True b. False Indicate whether the statement is true or false