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When a Tax Is Levied on the Sellers of a Good,the

Question 231

Multiple Choice

When a tax is levied on the sellers of a good,the


A) supply curve shifts upward by the amount of the tax.
B) quantity demanded decreases for all conceivable prices of the good.
C) quantity supplied increases for all conceivable prices of the good.
D) None of the above is correct.

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