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Author Question: A(n) _____ is an indirect tax imposed on each sale at each stage of production. a. personal tax b. ... (Read 70 times)

asmith134

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on: Jun 30, 2018
A(n) _____ is an indirect tax imposed on each sale at each stage of production.
 a. personal tax
  b. value-added tax
  c. excise duty
  d. sales tax
  e. ad-valorem tax

Question 2

Which of the following is not held constant when moving along a product's demand curve?
 a. The price of the product itself.
 b. The expected price of the product in the near future.
  c. Income.
 d. Prices of complementary goods.
 e. Prices of substitutes.


flannelavenger

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


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