A sales tax on sellers a good leads to a loss of consumer surplus, but a price ceiling or a price floor on that same product will not

Indicate whether the statement is true or false

FALSE

Economics

You might also like to view...

"If the price of a ticket to Sea World exceeds the marginal cost of the ticket by $13, a producer surplus exists for Sea World." Is this statement true or false?

What will be an ideal response?

Economics

A rightward shift of the investment demand curve would be caused by a(n):

a. increase in the expected rate of return on investment caused by an increase in business confidence. b. decrease in the expected rate of return on investment caused by a decrease in business confidence. c. increase in the rate of interest. d. decrease in the rate of interest.

Economics