Which of the Following Statements Represents a Correct and Sequentially

question 140

Multiple Choice

Which of the following statements represents a correct and sequentially accurate economic explanation?

• A)A tax is placed on the production of good X, the supply curve of good X shifts to the left, equilibrium price rises, equilibrium quantity falls, and buyers pay 100 percent of the tax.
• B)A tax is placed on the production of good X, the supply curve of good X shifts to the left, equilibrium price rises, equilibrium quantity stays constant, and buyers pay 100 percent of the tax.
• C)A tax is placed on the production of good X, the supply curve of good X shifts to the left, equilibrium price does not change, equilibrium quantity rises, and sellers pay 50 percent of the tax.
• D)A tax is placed on the production of good X, the supply curve of good X shifts to the right, equilibrium price falls, equilibrium quantity falls, and sellers pay 100 percent of the tax.

---

Definitions:

Black Men

Male individuals of African descent or who identify as part of the Black race.

Great Migration

The movement of over six million African Americans from the rural South to urban areas in the North and West of the United States between 1916 and 1970, seeking better economic opportunities and escaping racial segregation.

Black Participation

Refers to the involvement or engagement of Black individuals or communities in various societal, political, or economic activities.

First World War

A global conflict that took place from 1914 to 1918, primarily in Europe, involving many of the world's great powers.