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Microeconomics
Learn the toughest concepts covered in Microeconomics with step-by-step video tutorials and practice problems by world-class tutors
Table of contents
Introduction to Taxes and Subsidies
Introducing Taxes and Tax Incidence
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It's time to collect.
1
concept
Taxes and Tax Incidence
13m
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2
example
Tax Incidence
3m
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3
Problem
If a tax is levied on the sellers of a product, the demand curve:
A
Shifts to the left in an amount equal to the tax
B
Shifts to the right in an amount equal to the tax
C
Does not change
D
Is inelastic
4
Problem
A tax was levied upon buyers of a good. What is the amount sellers receive after the tax is imposed?
A
19
B
25
C
29
D
None of the above
