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As long as the supply curve for a good is upward sloping and the demand curve is downward sloping, a sales excise tax imposed on sellers shifts the supply curve rightward and definitely decreases

As long as the supply curve for a good is upward sloping and the demand curve is downward sloping, a sales (excise) tax imposed on sellers shifts the supply curve A. rightward and definitely decreases the equilibrium quantity. B. leftward and possibly raises the equilibrium price. C. rightward and possibly increases the equilibrium quantity. D. leftward and definitely raises the equilibrium price. 2) When a tax is imposed on a good or service, buyers respond only to the price that __________ the tax, and sellers respond to the price that __________ the tax. A. excludes; includes B. includes; excludes C. includes; includes D. excludes; excludes

Apr 09 2020 View more View Less

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