Multiple Choice
If a tax shifts the supply curve downward (or to the right) ,we can infer that the tax was levied on
A) buyers of the good.
B) sellers of the good.
C) 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
Q7: A tax affects<br>A)buyers only.<br>B)sellers only.<br>C)buyers and sellers
Q34: Figure 8-6<br>The vertical distance between points A
Q36: A tax levied on the buyers of
Q37: Figure 8-3<br>The vertical distance between points A
Q38: Figure 8-3<br>The vertical distance between points A
Q40: For the purpose of analyzing the gains
Q41: For a good that is taxed,the area
Q42: Figure 8-6<br>The vertical distance between points A
Q43: Tom walks Bethany's dog once a day
Q44: A tax on a good<br>A)gives buyers an