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tealmouse117Lv1
8 Mar 2021
When a tax is levied on sellers of tea,
a. The well-being of both sellers and buyers of tea is unaffected.
b. Sellers of tea are made worse off, and the well-being of buyers is unaffected.
c. Sellers of tea are made worse off, and buyers of tea are made better off.
d. Both sellers and buyers of tea are made worse off.
When a tax is levied on sellers of tea,
a. The well-being of both sellers and buyers of tea is unaffected.
b. Sellers of tea are made worse off, and the well-being of buyers is unaffected.
c. Sellers of tea are made worse off, and buyers of tea are made better off.
d. Both sellers and buyers of tea are made worse off.
dcht24111997Lv10
16 Apr 2023
yournotesbuddyLv10
26 Mar 2023
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Mahe AlamLv10
11 Mar 2021
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Related textbook solutions
Related questions
Businesses are the:
| A. | sellers in the factor market and buyers in the goods market. | |
| B. | buyers in the factor market and sellers in the goods market. | |
| C. | sellers in both the factor market and the goods market. | |
| D. | buyers in both the factor market and the goods market. |
