Business, 28.12.2019 02:31 kaylijocombs

Assuming a downward-sloping demand curve and an upward-sloping supply curve, which of the following will occur as a result of an increase in the sales tax on a good?

a. supply will increase.
b. demand will increase.
c. quantity supplied will increase.
d. quantity demanded will decrease.
e. the price paid by consumers will decrease.

Answers: 3

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Assuming a downward-sloping demand curve and an upward-sloping supply curve, which of the following...

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