题目内容

When the government places a tax on a product

A. . the cost of the tax to buyers and sellers will be less than the revenue raised from the tax by the government.
B. . the cost of the tax to buyers and sellers will equal the revenue raised from the tax by the government.
C. . the cost of the tax to buyers and sellers exceeds the revenue raised from the tax by the government.
D. . without additional information, such as the elasticity of demand for this product, it is impossible to compare tax cost with tax revenue.

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Total tax revenue received by government can be expressed as

A. . T/Q.
B. . T+Q.
C. . T×Q.
D. . T-Q.

Suppose a tax is imposed on the buyers of a product. The burden of the tax will fall

A. . entirely on the buyers.
B. . entirely on the sellers.
C. . entirely on the government.
D. . on both the buyers and the sellers.

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.

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.

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