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Frederick the Great Quote: “No government can exist without taxation. The money must necessarily be levied on the people; and the grand art consists...”
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SOLVED: When a good is taxed, the burden of the tax falls mainly on consumers if a. the tax is levied on consumers. b. the tax is levied on producers. c. supply
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A tax levied on the buyers (demand side) of a product: A. Leads to a lower equilibrium B. Shifts the demand curve to the right C. Has no effect on the supply
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