Can you explain this please If a tax is levied on the seller of a product the demand curvewill shift downwardO will not changemay shift up or down, depending on the amount of the taxwill shift upward

Tax is the amount of money from the income earned that individuals and corporations have to pay to…

Answered: If a tax is levied on the seller of a…

If a tax is levied on the seller of a product the demand curve will shift downward will not change may shift up or down, depending on the amount of the tax

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5CQQ: An increase in the supply of a good will decrease the total revenue producers receive if a. the...

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Can you explain this please

If a tax is levied on the seller of a product the demand curve
will shift downward
O will not change
may shift up or down, depending on the amount of the tax
will shift upward

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