When a tax is placed on the sellers of a product, buyers pay more, and sellers r

Question

When a tax is placed on the sellers of a product, buyers pay more, and sellers receive more than they did before the tax l more, and sellers receive less than they did before the tax 0 less, and sellers receive more than they did before the tax 9 less, and sellers receive less than they did before the tax A tax on the sellers of coffee will increase the price of coffee paid by buyers increase the effective price of coffee received by sellers and increase the equilibrium quantity of coffee increase the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee decrease the effective price of coffee received by sellers and increase the equilibrium quantity of coffee decrease the effective price of coffee received by sellers and decrease the equilibrium quantity of coffee supply curve for chocolate bars to shift down by $0 10 supply curve for chocolate bars to shift up by $0 10 demand cun/e for chocolate bars to shift down by SO 10 demand curve for chocolate bars to shift up by SO 10

Explanation / Answer

Question 14)

D

Buyers pay more and sellers will recieve less, If tax is placed then sale will decrease so sellers will eventually loose something

Question 15)

B

Increase in the price of coffee will occur and also the quantity of coffee sold will decrease

Question 16)

C

Demand will decrease due to tax by 0.10

Question 17)

A

Decrease the effective price of cereal recieved by sellers and also decrease the quantity sold,

Here the market price is something and only buyer gets tax so seller actually recieves for less.

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