If a New Tax Is Placed on a Good with a Vertical

question 44

Multiple Choice

If a new tax is placed on a good with a vertical supply curve, the price paid by demanders

• A)does not change.
• B)decreases by the amount of the tax.
• C)decreases by an uncertain amount.
• D)increases by the amount of the tax.
• E)increases by an uncertain amount.

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Definitions:

Equal Rights

The principle that every individual is entitled to the same rights and freedoms without any discrimination.

Congress

The national legislative body of the United States, consisting of two houses: the Senate and the House of Representatives.

Antislavery Poet

A poet whose work actively opposes and criticizes the institution of slavery, often advocating for abolition and human rights.

John Greenleaf Whittier

An American Quaker poet and advocate for the abolition of slavery in the United States, known for his deep moral convictions and influence on the abolitionist movement.