A tax levied as a proportion of the retail price of a commodity at the point of sale is called:

Related MCQs

• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called
• The tax levied on gross sales revenue from business transactions is called -
• The production of a commodity in which a higher proportion of capital is used is known as
• Ad Valorem tax is levied -
• Agricultural income tax in Pakistan will be levied on the farmers with land holdings of or more than:
• The excess of price a person is to pay rather than forego the consumption of the commodity is called -
• Tax on a Commodity according to its volume is:
• The demand for which of the following commodity will not rise in spite of a fall in its price?
• The equilibrium price of a commodity will definitely rise if there is a/an: