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

B. an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold

C. an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold

D. a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.