A tax imposed on the sellers of a good will raise the price paid by buyers and lower the equilibrium quantity. raise the price paid by buyers and raise the equilibrium quantity. raise the net price received by sellers and raise the equilibrium quantity. O raise the net price received by sellers and lower the equilibrium quantity.
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- Jane's budget line A. rotates outward if her budget increases and prices don't change В. shifts outward with no change in its slope if her budget increases and prices don't change C. shifts inward with no change in its slope if the price of one good rises and her budget doesn't change D. rotates inward if the prices of both goods double and her budget doesn't changeOC.C d. B QUESTION 31 We say that a good is an inferior good if a. the quantity demanded for the good rises when the price falls. b. the demand for the good rises when income falls OC. the demand for the good rises when the price falls d. the demand for the good rises when income rises QUESTION 32 DOOIf good B is a substitute for good A and the price of good B increases, a. the demand for good A will increase. b. the price of good A will decrease. c. the quantity demanded of good B will increase. d. the quantity demanded of good A will decrease.
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