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Economics
MEDIUM
ENGLISH
Economics
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
Option A
B
an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold
Option B
C
a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold
Option C
an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold
Correct answer
Correct answer: D
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