Question
In a market with a downward-sloping demand curve and an upward-sloping supply curve, a law requiring sellers to pay the government a tax of $1.00
In a market with a downward-sloping demand curve and an upward-sloping supply curve, a law requiring sellers to pay the government a tax of $1.00 per pack on cigarettes has the effect of
a) shifting the demand curve to the left and increasing the price buyers pay by less than $1.00
b) shifting the supply curve to the left and increasing the price buyers pay by less than $1.00
c) shifting the demand curve to the right and increasing the price buyers pay by $1.00
d)shifting the supply curve to the right and increasing the price buyers pay by $1.00
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