(Figure: an Excise Tax)Use Figure: an Excise Tax

question 159

Multiple Choice

(Figure: An Excise Tax) Use Figure: An Excise Tax.If an excise tax equal to $1.10 is imposed on this good,then the price paid by consumers will:

• A)rise by $1.10.
• B)rise by $1.33.
• C)not rise.
• D)rise by $0.50.

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Definitions:

Peremptory Challenge

A right in jury selection for attorneys to reject a certain number of potential jurors without stating a reason.

Challenge for Cause

A reason given in court for requesting the disqualification of a juror from a trial due to a specific reason, like bias or personal interest.

Affirmative Defense

A response to a plaintiff's claim which, if proven, diminishes or eliminates liability.

Summons

A legal document issued by a court that orders an individual to appear before it at a specific time and place to respond to a legal action or proceeding.