Asked by
Nikketta Gonzalez
on Dec 17, 2024
Verified
A tax on buyers decreases demand.
Demand Decreases
A decrease in the quantity of a product or service that consumers are willing and able to purchase at given prices.
Tax on Buyers
A fiscal charge imposed directly on purchasers, which shifts the demand curve downward, reflecting a decrease in the net price received by sellers.
- Ascertain the financial repercussions of imposing taxes on goods from both the demand and supply perspectives.
- Examine the effects of taxation on market dimensions and the balance of prices.
Verified Answer
LI
Learning Objectives
- Ascertain the financial repercussions of imposing taxes on goods from both the demand and supply perspectives.
- Examine the effects of taxation on market dimensions and the balance of prices.