A tax placed on a good that is a necessity for consumers will likely g – McqOptions

MCQOPTIONS

1.	A tax placed on a good that is a necessity for consumers will likely generate a tax burden that ?
A.	falls more heavily on sellers
B.	falls entirely on sellers
C.	falls more heavily on buyers.
D.	is evenly distributed between buyers and sellers.
Answer» D. is evenly distributed between buyers and sellers.

Discussion

No Comment Found

Related MCQs

Which of the following statements is true if the government places a price ceiling on petrol at Rs150 per litre and the equilibrium price is Rs100 per litre ?
Which of the following takes place when a tax is placed a good ?
Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?
Which side of the market is more likely to lobby government for a price floor ?
Within the supply and demand model, a tax collected from the buyers of a good shifts the ?
Within the supply and demand model, a tax collected from the sellers of a good shift the ?
Which of the following statements about the burden of a tax is correct ?
Which of the following statements about a binding price ceiling is true ?
Which of the following is an example of price floor ?
When a tax is collected from the buyers in a market, ?