Sales taxes are usually collected from sellers, who view the tax as A) an addition to profit. B) an additional cost of selling the good. C) an addition to the demand for the product. D) resulting from a leftward of the demand curve.

Sales taxes are usually collected from sellers, who view the tax as A) an addition to profit. B) an additional cost of selling the good. C) an addition to the demand for the product. D) resulting from a leftward of the demand curve.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 14QP

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Question

Sales taxes are usually collected from sellers, who view the tax as
A) an addition to profit.
B) an additional cost of selling the good.
C) an addition to the demand for the product.
D) resulting from a leftward of the demand curve.

Expert Solution

Step 1

Sales tax: - Sales tax is the imposition of some charges by the government of a country on the sale of goods and services in the economy.

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