27 A $0.10 tax levied on the sellers of chocolate bars will cause the (2 Points)...

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27 A $0.10 tax levied on the sellers of chocolate bars will cause the (2 Points) demand curve for chocolate bars to shift down by $0.10. supply curve for chocolate bars to shift down by $0.10. supply curve for chocolate bars to shift up by $0.10. demand curve for chocolate bars to shift up by S0.10. 28 Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers of airline tickets are required to pay the tax to the government. If the tax is reduced from $50 per ticket to $30 per ticket, then the (2 Points) demand curve will shift upward by $20, and the price paid by buyers will decrease by $20. supply curve will shift downward by $20, and the effective price received by sellers will increase by $20. supply curve will shift downward by $20, and the effective price received by sellers will increase by less than $20 demand curve will shift upward by $20, and the price paid by buyers will decrease by less than $20. 29 If the government wants to reduce the burning of fossil fuels, it should impose a tax on (2 Points) whichever side of the market is less elastic. buyers of gasoline. either buyers or sellers of gasoline. sellers of gasoline. 30 Suppose the government imposes a 20-cent tax on the sellers of alcoholic drinks. The tax would shift (2 Points) supply, raising the equilibrium price and lowering the equilibrium quantity in the market for alcoholic drinks. supply, lowering the equilibrium price and raising the equilibrium quantity in the market for alcoholic drinks. demand, lowering the equilibrium price and raising the equilibrium quantity in the market for alcoholic drinks. demand, raising both the equilibrium price and quantity in the market for alcoholic drinks. 27 A $0.10 tax levied on the sellers of chocolate bars will cause the (2 Points) demand curve for chocolate bars to shift down by $0.10. supply curve for chocolate bars to shift down by $0.10. supply curve for chocolate bars to shift up by $0.10. demand curve for chocolate bars to shift up by S0.10. 28 Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers of airline tickets are required to pay the tax to the government. If the tax is reduced from $50 per ticket to $30 per ticket, then the (2 Points) demand curve will shift upward by $20, and the price paid by buyers will decrease by $20. supply curve will shift downward by $20, and the effective price received by sellers will increase by $20. supply curve will shift downward by $20, and the effective price received by sellers will increase by less than $20 demand curve will shift upward by $20, and the price paid by buyers will decrease by less than $20. 29 If the government wants to reduce the burning of fossil fuels, it should impose a tax on (2 Points) whichever side of the market is less elastic. buyers of gasoline. either buyers or sellers of gasoline. sellers of gasoline. 30 Suppose the government imposes a 20-cent tax on the sellers of alcoholic drinks. The tax would shift (2 Points) supply, raising the equilibrium price and lowering the equilibrium quantity in the market for alcoholic drinks. supply, lowering the equilibrium price and raising the equilibrium quantity in the market for alcoholic drinks. demand, lowering the equilibrium price and raising the equilibrium quantity in the market for alcoholic drinks. demand, raising both the equilibrium price and quantity in the market for alcoholic drinks.

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The detailed answer for the above question is provided below ANSWER 27 The correct answer is b supply curve for chocolate bars to shift down by 010 A tax on the sellers of a good will increase the cos... View the full answer