When the Government Places a Tax on a Good and All

Multiple Choice

When the government places a tax on a good and all else is held constant,which of the following would most likely happen?

A) The overall consumption of the good decreases.
B) The price the buyer pays for the good decreases.
C) The supply curve shifts to the right.
D) The government receives no tax revenue if the tax is more than 20%.
E) The price and quantity adjust back to the market equilibrium point before the tax.