If Higher Taxes Raise the Unit Cost of a Competitive

question 90

Multiple Choice

If higher taxes raise the unit cost of a competitive industry, then in the long run, industry supply

• A)and market price decrease.
• B)decreases and market price increases.
• C)increases and market price decreases.
• D)and market price increase.
• E)and market price remain constant.

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Definitions:

Self-locomotion

The capacity of an individual to move independently, often referring to the developmental stage in infants.

Babbling

The stage in child language development involving the production of repetitive syllables and sounds, a key precursor to language acquisition.

Imitating Sounds

The act of copying or reproducing sounds, often a learning method used in language acquisition.

Using Words

The capacity or action of employing language and vocabulary to communicate thoughts, ideas, or feelings.