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Question 5 Which of the following is not a true statement about taxes? Answer saved Select one: Points out of 1 a. A tax on
Question 5 Which of the following is not a true statement about taxes? Answer saved Select one: Points out of 1 a. A tax on a good is paid mostly by buyers if the demand curve is steeper than the supply curve. b. When a tax is imposed, the quantity of a good that is sold will eventually fall; we can predict that result without more information. c. Part of a good's tax is paid by buyers out of consumer surplus, and part is paid by sellers out of producer surplus. d. Taxes cannot be avoided, which is one reason why they reduce utility and efficiency. e. When a tax is imposed, the price paid by the buyer of a good will generally rise by less than the full amount of the tax. Clear my choice Question 6 Answer saved Points out of 1 P Flag question The marginal tax rate is Select one: a. the amount of tax paid by a person or family divided by that person's or family's income. b. additional taxes that must be paid on additional income divided by the additional income earned. c. the taxes collected in the economy divided by all of the economic activity in the economy. d. additional income earned divided by the additional taxes that must be paid on the additional income. e. the income of a person or family divided by that person's or family's taxes. Clear my choice
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