If the government passes a law requiring sellers of motorcycles to send $500 as tax to the government for every motorcycle they sell, then a. the supply curve for motorcycles shifts downward by $500 b. sellers of motorcycles receive $500 less per motorcycle than they were receiving before the tax c. buyers of motorcycles are unaffected by the tax d. all of the above are correct e. none of the above are correct

If the government passes a law requiring sellers of motorcycles to send $500 as tax to the government for every motorcycle they sell, then a. the supply curve for motorcycles shifts downward by $500 b. sellers of motorcycles receive $500 less per motorcycle than they were receiving before the tax c. buyers of motorcycles are unaffected by the tax d. all of the above are correct e. none of the above are correct

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 8P

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