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Loraine Loraine
wrote...
Posts: 4563
8 years ago
If the demand curve for a good is horizontal, a tax is levied on this product is
A) split between the buyers and the sellers but not evenly so that either the buyer or the seller pays more.
B) split evenly between the buyers and the sellers.
C) paid entirely by buyers.
D) paid entirely by sellers.
E) not paid by either the buyers or the sellers.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 156 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
SydnieSydnie
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Top Poster
Posts: 3807
8 years ago
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Loraine Author
wrote...

8 years ago
Thank you, thank you, thank you!
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Good timing, thanks!
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