Which of the following statements about the burden of a tax is correct ?

Related Mcqs:

For a price ceiling to be binding constraint on the market the government must set it ?

A. above the equilibrium price B. below the equilibrium price C. precisely at the equilibrium price D. at any price because all price ceilings are binding constraints...

A price floor ?

A. always determines the price at which a good must be sold B. sets a legal maximum on the price at which a good can be sold C. is not a binding constraint if it is set above the equilibrium price D. sets a legal minimum on the price at which a good can be … A price floor ?Read More...

Which of the following is an example of price floor ?

A. the minimum wage B. rent controls C. restricting petrol prices to Rs100 per litre when the equilibrium price is Rs150 per litre D. All of these answers are price floors...

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?

A. a teenage worker with few qualifications. B. A manual worker with fifteen years of work experience C. A professional worker with university degree. D. All there are equally likely to find it difficult to get a job...

Within the supply and demand model, a tax collected from the sellers of a good shift the ?

A. demand curve downward by the size of the tax per unit. B. supply curve downward by the size of the tax per unit C. demand curve upward by the size of the tax per unit. D. supply curve upward by the size of the tax per unit...