When a tax is levied on the sellers of a good,the
A)supply curve shifts upward by the amount of the tax.
B)quantity demanded decreases for all conceivable prices of the good.
C)quantity supplied increases for all conceivable prices of the good.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

When a tax is levied on sellers, it increases their costs, causing the supply curve to shift upward (or to the left) by the amount of the tax.

When a Tax Is Levied on the Sellers of a Good,the