A Tax on Consumers of a Good Would Shift the ________

question 102

Multiple Choice

A tax on consumers of a good would shift the ________ curve down and cause the price paid by consumers to ________.

• A) supply; increase
• B) demand; decrease,then return to its original level
• C) supply; decrease
• D) demand; increase
• E) supply; increase,then return to its original level

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Definitions:

Illegal

Actions or activities that are forbidden by law.

Safety Procedures

Standardized actions or protocols designed to minimize risk and protect individuals from accidents and injuries in the workplace or public spaces.

National Labor Relations Board

A federal agency of the United States responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

General Counsel's Office

The legal department within a corporation, providing advice on legal matters and representing the company in court.