A tax imposed on the sellers of a good
a. raises both the price buyers pay and the net price received by sellers.
b. raises the price buyers pay and lowers the net price received by sellers.
c. lowers the price buyers pay and raises the net price received by sellers.
d. lowers both the price buyers pay and the price received by sellers.
b. raises the price buyers pay and lowers the net price received by sellers.
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Fill in the blank(s) with correct word
Search activity ________
A) occurs when there is a surplus of the good B) is unnecessary when a black market exists C) increases when an effective price ceiling is set on a good D) decreases when an effective price ceiling is set on a good
The study quoted in the text demonstrated that calorie posting did not cause any significant changes in Starbucks revenue over all
Indicate whether the statement is true or false
Who would be more likely to study the effects of rent control on housing in New York City, a macroeconomist or a microeconomist?