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

An ad valorem tax is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).

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Similar questions

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

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An ad valorem duty is a tax on the basis of ________.

The correct option is A The price of a commodity An ad valorem tax is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).

The correct option is A The price of a commodity

An ad valorem tax is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).