The most important difference between unit excise taxes and ad valorem
The most important difference between unit excise taxes and ad valorem excise taxes is _____.
a. the unit tax will change in response to a change in the price of the taxed good, while the ad valorem tax will not
b. the unit tax will not change in response to a change in the price of the taxed good, while the ad valorem tax will
c. the unit tax increases in response to a change in the price of the taxed good, while the ad valorem tax will decline
d. the unit tax declines in response to a change in the price of the taxed good, while the ad valorem tax will increase
ANSWER
b
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