If buyers are required to pay a tax on top of the price, buyers' willingness to pay will: decrease and the demand curve will shift up. increase and the demand curve will shift down. increase and the demand curve will shift up. decrease and the demand curve will shift down.
If buyers are required to pay a tax on top of the price, buyers' willingness to pay will: decrease and the demand curve will shift up. increase and the demand curve will shift down. increase and the demand curve will shift up. decrease and the demand curve will shift down.
ChapterP2: Microeconomics Fundamentals
Section: Chapter Questions
Problem 10KC
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