If a tax is levied on the sellers of a product, the demand curve
a. will shift downward.
b. will shift upward.
c. will shift either upward or downward, depending on the amount of the tax.
d. will not shift.
Answer: D
Microeconomics
- An increase in the price level may be caused
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- Suppose that wages increase sharply this year. Other things being equal a wide-spread increase in wages will have which of the following consequences for the U.S. economy?
- An unanticipated increase in inflation this year will
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