When a tax is imposed on a product quantity demanded and quantity supplied will both increase O and quantity supplied will both decrease O will increase and quantity supplied will decrease O will decrease and quantity supplied will increase
When a tax is imposed on a product quantity demanded and quantity supplied will both increase O and quantity supplied will both decrease O will increase and quantity supplied will decrease O will decrease and quantity supplied will increase
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Can you explain why am I answer is wrong and what the correct one is. 
![0/1 pts
When a tax is imposed on a product quantity demanded
and quantity supplied will both increase
O and quantity supplied will both decrease
O will increase and quantity supplied will decrease
O will decrease and quantity supplied will increase
0/1 pts
ostion 22](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f440a4a-a87c-43e8-9c30-e4890b6a6760%2Fcd413854-d28e-41f9-87ec-f1669d4db5a5%2Fpcwuua_processed.jpeg&w=3840&q=75)
Transcribed Image Text:0/1 pts
When a tax is imposed on a product quantity demanded
and quantity supplied will both increase
O and quantity supplied will both decrease
O will increase and quantity supplied will decrease
O will decrease and quantity supplied will increase
0/1 pts
ostion 22
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