For which of the following products would the burden of a tax likely fall more heavily on the sellers ?

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...

Suppose the equilibrium price for apartments is Rs500 per month and the government imposes rent controls of Rs250 Which of the following is unlikely to to occur as a result of the rent controls?

A. There may be long lines of buyers waiting for apartments B. Landlords may discriminate among apartment renters C. Landlords may be offered bribes to rent apartments D. there will be a storage of housing E. the quality of apartments will improve...

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...

When a tax is collected from the buyers in a market, ?

A. the tax burden falls most heavily on the buyers. B. the buyers bear the burden of the tax C. the sellers bear the burden of the tax D. the tax burden on the buyers and sellers in the same as an equivalent tax collected from the sellers...