what effect do taxes levied at the federal and state levels have on consumer prices?\ntaxes dont impact…
what effect do taxes levied at the federal and state levels have on consumer prices?\ntaxes dont impact consumer prices.\ntaxes cause prices to shrink.\nit depends on the type of tax.\ntaxes cause prices to increase.
Answer
Answer:
C. It depends on the type of tax.
Brief Explanations:
Different taxes (e.g., sales tax, income tax) affect prices differently. Sales tax directly adds to consumer prices, while income tax may reduce consumer spending power but not directly set prices. So, the impact on consumer prices varies by tax type.