Multiple Choice
-How will the imposition of a sales tax shift the supply curve?
A) The supply curve will shift to the left.
B) The supply curve will shift to the right.
C) The supply curve might shift to the right or to the left depending on whether the tax was a flat rate tax or a percentage tax.
D) Imposing a sales tax will have no effect on the supply curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q53: Suppose that the cross elasticity of demand
Q54: Suppose that average incomes decreased from $38,000
Q55: Below are some data on price,income and
Q56: What is the likely effect of the
Q58: Define 'elasticity coefficient'
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -What is the
Q60: What is income elasticity?<br>A)The change in the
Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the