Which of the Following Statements Is True

question 98

Multiple Choice

Which of the following statements is true?

• A)A tax assessed on producers shifts up supply.
• B)A specific tax assessed on producers does not affect consumers.
• C)A tax assessed on producers shifts down supply.
• D)An ad valorem tax assessed on producers does not affect consumers
• E)A tax assessed on producers shifts both the supply and demand curves.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that occurs after conditioning or training.

Dependent Variable

In research, the variable that is being measured and is expected to change in response to manipulations of the independent variable.

Median

A statistical measure that represents the middle value in a given set of data when the values are arranged in ascending or descending order.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.