midnite maniac
New member
If an excise tax is imposed on automobiles and collected from consumers _________.
a) the demand curve will shift downward by the amount of the tax.
b) the supply curve will shift upward by the amount of the tax.
c) the equilibrium quantity supplied will increase relative to the pre-tax level.
d) the equilibrium quantity demanded will increase relative to the pre-tax level.
I really appreciate the help everyone.....I will award 10 points to the one who answers
Thanks much!
a) the demand curve will shift downward by the amount of the tax.
b) the supply curve will shift upward by the amount of the tax.
c) the equilibrium quantity supplied will increase relative to the pre-tax level.
d) the equilibrium quantity demanded will increase relative to the pre-tax level.
I really appreciate the help everyone.....I will award 10 points to the one who answers
Thanks much!