As Long as the Supply Curve for a Good Is

question 157

Multiple Choice

As long as the supply curve for a good is upward sloping and the demand curve is downward sloping, a sales tax imposed on sellers shifts the supply curve

• A) leftward and definitely raises the equilibrium price.
• B) leftward and possibly raises the equilibrium price.
• C) rightward and possibly increases the equilibrium quantity.
• D) rightward and definitely decreases the equilibrium quantity.

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Definitions:

American Psychoanalytic Association

A professional organization dedicated to the study and practice of psychoanalysis in the United States.

Informality

A behavior or manner that is relaxed and casual, not conforming strictly to traditional standards or rules.

Trieb

A German term used by Freud, often translated as "drive" or "instinct", referring to the internal forces that motivate behavior.

Motivating Forces

The internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.