题目内容

A tax placed on a product causes the price the buyer pays

A. . and the price the seller receives to be higher.
B. . and the price the seller receives to be lower.
C. . to be lower and the price the seller receives to be higher.
D. . to be higher and the price the seller receives to be lower.

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A law requiring sellers to pay the government a tax on cigarettes has the effect of

A. . shifting the supply curve to the right.
B. . changing the slope of the supply curve.
C. . shifting the supply curve to the left.
D. . changing the slope of the demand curve.

If the tax on bottled water were raised by $1 per bottle, we would expect

A. . buyers to bear the entire tax in the form of higher prices.
B. . sellers to bear the tax in the form of lower prices.
C. . part of the tax to fall on buyers in the form of higher prices, and part of the tax to fall on sellers in the form of lower prices.
D. . government revenues to fall.

Assume the government wants to impose a tax on wine. It wants to minimize the negative impact the tax has on consumers in the form of higher prices. It will achieve this goal if

A. . demand is relatively elastic.
B. . demand is relatively inelastic.
C. . supply is relatively elastic.
D. . the supply curve and the demand curve for wine have the same elasticity.

Sellers pay more of a tax imposed on a good when

A. . the demand for the good is more inelastic.
B. . the supply of the good is more elastic.
C. . the supply of the good is less elastic.
D. . the supply of and the demand for the good have the same elasticity.

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