The imposition of a tax _________. a) raises both supply and demand b) lowers neither supply nor

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The imposition of a tax _________.

a) raises both supply and demand

b) lowers neither supply nor demand

c) lowers only supply

d) lowers only demand

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Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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The imposition of a tax _________. a) raises both supply and demand b) lowers neither supply nor

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The correct answer is d lowers only demand Explanation When a tax is imposed on a good or servi...View the full answer

Microeconomics

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