Multiple Choice
If a tax shifts the demand curve downward,
A) we can infer that the tax was levied on buyers of the good.
B) we can infer that the tax was levied on sellers of the good.
C) we can infer that the tax was levied on both buyers and sellers of the good.
D) we cannot infer anything because the shift described is not consistent with a tax.
Correct Answer:
Verified
Correct Answer:
Verified
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