Question

In the market experiment with​ taxes, after the excise tax is imposed on the market A. the price paid by buyers decreases and the price received by sellers increases. B. both the price paid by buyers and the price received by sellers increase. C. the price paid by buyers increases and the price received by sellers decreases. D. both the price paid by buyers and the price received by sellers decrease.

Answer 1

C. the price paid by buyers increases and the price received by sellers decreases

Step-by-step explanation:

In the market experiment with​ taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases