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One Result of a Tax,regardless of Whether the Tax Is

Question 190

Multiple Choice

One result of a tax,regardless of whether the tax is placed on the buyers or the sellers,is that the


A) equilibrium quantity of the good is unchanged.
B) price the buyer effectively pays is lower.
C) supply curve for the good shifts upward by the amount of the tax.
D) tax reduces the welfare of both buyers and sellers.

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