Suppose a tax on buyers has been imposed in the graph shown. Once the tax is in place, the sellers experience:





A. a decrease in supply.

B. an increase in supply.

C. a decrease in quantity supplied.

D. an increase in quantity supplied.


C. a decrease in quantity supplied.

Economics

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How are the wage rate and employment determined in a competitive labor market?

What will be an ideal response?

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The spending multiplier also applies to investment spending by businesses

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

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A free good is different from a scarce good because it is:

A) not tradable. B) not produced. C) not scarce. D) found only in nature.

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Which of the following causes a leftward shift in the short-run aggregate supply curve?

A. An increase of goods prices while nominal incomes are unchanged. B. An increase in nominal incomes. C. An increase of full-employment real GDP. D. An increase of personal consumption expenditures while the price level is unchanged.

Economics