a tax is levied on the seller of a product, what will happen to the demand curve and the supply curve? Question 18Answer a. Demand will not change and supply shifts to the right. b. Demand will not change and supply shifts to the left c. Demand shifts to the left and supply

#3. Suppose that the government was taxing consumers of widgets by $3 per unit. Now it repeals the tax on consumers and replaces it with a $3 per unit tax on producers. What will happen to the price of widgets? a. The price will rise by $3 b. The price will rise, but by less than $3 c. The price will be unchanged d. The price will fall, but by less than $3 e. The price will fall by $3

6. The diagram below shows the market for chromebooks in the town of Smallville, U.S.A. Policy mak- ers want to collect money for more paper books in school and place a tax of 100 $ on chromebooks. Describe the impact of the tax on the market below. Price 500 450 400 350 300 250 200 150 100 50 100 200 300- Chromebooks 800 900 1,000 7. After the tax, 8. After the tax, consumers pay a price of . 9. After the tax, producers receive a price of 10. What amount of tax revenues are collected when the tax is instituted?. chromebooks are exchanged in the market.

Tax sellers