When the government imposes a tax on the buyers of a good, this shifts O a....

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When the government imposes a tax on the buyers of a good, this shifts O a. the supply curve upward (or to the left). O b. the supply curve downward (or to the right). O c. the demand curve downward (or to the left). d. the demand curve upward (or to the right). Suppose, for instance, the world price of an electronic wristwatch is CAD10.00. Before Malaysia allowed an international trade in wristwatches, the price of a wristwatch was CAD8.00 in the country. Once Malaysia allowed international trade in wristwatches with other countries, Malaysia started O a. importing wristwatches and the price of a wristwatch in Malaysia increased to CAD10.00. O b. importing wristwatches and the price of a wristwatch in Malaysia remained at CAD8.00. c. exporting wristwatches and the price of a wristwatch in Malaysia increased to CAD10.00. O d. exporting wristwatches and the price of a wristwatch in Malaysia remained at CAD8.00. cross out cross out cross out cross out Suppose the government imposes a tax on a good in a country. Consequently, the tax will O a. raise the price that buyers effectively pay and raise the price that sellers effectively get. O b. raise the price that buyers effectively pay and lower the price that sellers effectively get. O c. lower the price that buyers effectively pay and raise the price that sellers effectively get. O d. lower the price that buyers effectively pay and lower the price that sellers effectively get. When the government imposes a tax on the buyers of a good, this shifts O a. the supply curve upward (or to the left). O b. the supply curve downward (or to the right). O c. the demand curve downward (or to the left). d. the demand curve upward (or to the right). Suppose, for instance, the world price of an electronic wristwatch is CAD10.00. Before Malaysia allowed an international trade in wristwatches, the price of a wristwatch was CAD8.00 in the country. Once Malaysia allowed international trade in wristwatches with other countries, Malaysia started O a. importing wristwatches and the price of a wristwatch in Malaysia increased to CAD10.00. O b. importing wristwatches and the price of a wristwatch in Malaysia remained at CAD8.00. c. exporting wristwatches and the price of a wristwatch in Malaysia increased to CAD10.00. O d. exporting wristwatches and the price of a wristwatch in Malaysia remained at CAD8.00. cross out cross out cross out cross out Suppose the government imposes a tax on a good in a country. Consequently, the tax will O a. raise the price that buyers effectively pay and raise the price that sellers effectively get. O b. raise the price that buyers effectively pay and lower the price that sellers effectively get. O c. lower the price that buyers effectively pay and raise the price that sellers effectively get. O d. lower the price that buyers effectively pay and lower the price that sellers effectively get.