An ad valorem duty is a tax on the basis of:

The price of a commodity

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The value added

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The advertisement expenditure

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The unit of the commodity

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Solution

The correct option is A
The price of a commodity

Ad valorem depends on the price of the commodity.

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Similar questions

Per Unit Price of Commodity X (Rs.)	Quantity Demanded of Commodity X (Units)	Quantity Supplied of Commodity X (Units)
10	50	110
20	60	100
30	70	90
40	80	80
50	90	70
60	100	60
70	110	50

Per Unit Price of Commodity X (Rs.)	Quantity Demanded of Commodity X (Units)	Quantity Supplied of Commodity X (Units)
10	50	110
20	60	100
30	70	90
40	80	80
50	90	70
60	100	60
70	110	50

On the basis of the table, equilibrium quantity is attained at ________.

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