A tax on golf clubs will cause buyers of golf clubs to pay a higher price, sellers of golf clubs to receive a lower price, and fewer golf clubs to be sold.

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Jordan Khakh · Accepted Answer

Final Answer : True, Explanation :  A tax on golf clubs effectively increases the cost of production for sellers, leading to a higher market price for buyers. This higher price reduces the quantity demanded, resulting in fewer sales. Sellers receive a lower price net of tax, reducing their incentive to sell.

A tax on golf clubs will cause buyers of golf clubs to pay a higher price, sellers of golf clubs to receive a lower price, and fewer golf clubs to be sold.

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