Which of the following takes place when a tax is placed a good ?

A. a decrease in the price buyers pay, an increase in the price sellers receive, and a decrease in the quantity sold
B. an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold
C. a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold
D. an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold

Related Mcqs:

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.
Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
A. B + C + E + F
B. B
C. B + C
D. A
Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?
A. C + F
B. A
C. B
D. C
The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?
A. indirect taxes
B. direct taxes
C. inelastic
D. value-added tax
Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?
A. Rs 50000
B. 20%
C. 25%
D. Rs 10000
Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?
A. B + C + E + F
B. E + F
C. A + B + C + D
D. A + B + C + D + E + F
Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
A. B + C + E + F
B. E + F
C. B + C
D. A + B + C + D
Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?
A. D
B. A
C. A + B + E
D. A + B +C + D
Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?
A. A + B + C + D+ E +F
B. A + B + C + D
C. A + D
D. B + C + E + F
Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?
A. the deadweight has demonstrated
B. the ability-to-pay principle
C. the benefits principle
D. horizontal equity
E. The administrative burden of a tax.