Cars in Arlington County, VA S (before tax) P1 D (before tax) Q1 Q For many years the state of Virginia has had a personal property tax levied mainly on cars. The tax is collected from the buyer of the car. In the market for cars above, which curve shifts after the tax is imposed, and what happens to the quantity of cars sold? Select one: O a. S decreases. Q rises.

Cars in Arlington County, VA S (before tax) P1 D (before tax) Q1 Q For many years the state of Virginia has had a personal property tax levied mainly on cars. The tax is collected from the buyer of the car. In the market for cars above, which curve shifts after the tax is imposed, and what happens to the quantity of cars sold? Select one: O a. S decreases. Q rises.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 20RQ: Under which circumstances does line tax burden fall entirely on consumers?

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