Question: Which of the following best describes an ad valorem tax? Select one: a). A tax levied as a percentage of the price of a good

Which of the following best describes an ad valorem tax? Select one: 

a). A tax levied as a percentage of the price of a good purchased  

b). A constant tax levied on each unit produced  

c). A fixed tax levied on all people, regardless of any purchases.  

d). none of these 

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