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If an Excise Tax Is Imposed on Beer and Collected

question 61

Multiple Choice

If an excise tax is imposed on beer and collected from the producers,the _____ curve will shift _____ by the amount of the tax.


Definitions:

Loop

A type of decision point in an algorithm. In a loop, a question is asked, and if the answer is yes, a set of actions is performed. Once the set of actions has finished, the question is asked again, creating a loop. If the answer to the question is no, the algorithm breaks free of the loop and moves on to the first step that follows the loop.

Java Applets

Small, dynamic Java programs that can be embedded in web pages to provide interactive features.

Browsers

Software applications used to access and navigate the internet.

Programming Language

A formal language comprising a set of instructions that produce various kinds of output and are used in computing to implement algorithms.

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