For most goods and services, the burden of a tax is on the sellers

Indicate whether the statement is true or false

FALSE

Economics

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If the price of one good increases while the price of the other good and the consumer's income remain unchanged, what will happen to the budget line?

A) The budget line rotates inward from the intercept on the axis of the good that did not change in price. B) The budget line rotates outward from the intercept on the axis of the good that did not change in price. C) The budget line shifts inward without a change in slope. D) The budget line shifts outward without a change in slope.

Economics

When a unit tax is placed on a supplier they are generally able to shift a portion of the burden to demanders by raising the prices paid by demanders

a. True b. False

Economics