Author Question: When a tax is placed on a good a. the price paid by buyers rises, and the price received by sellers ... (Read 604 times)

darbym82 · **on:** Jun 30, 2018

When a tax is placed on a good
a. the price paid by buyers rises, and the price received by sellers rises.
b. the price paid by buyers rises, and the price received by sellers falls.
c. the price paid by buyers falls, and the price received by sellers rises.
d. the price paid by buyers falls, and the price received by sellers falls.

Question 2

People hold money for transactions purposes, precautionary reasons, and asset purposes.
a. True
b. False
Indicate whether the statement is true or false