The Imposition of an Excise Tax Usually Causes the Price

question 33

Multiple Choice

The imposition of an excise tax usually causes the price paid by consumers to ________,while the price received by sellers ________.

• A)rise; remains unchanged
• B)rise; falls
• C)rise; rises
• D)fall; remains unchanged
• E)fall; falls

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Definitions:

Reliability

Refers to the consistency of a research study or measuring test.

Major Depressive Disorder

An emotional disorder characterized by never-ending depressive feelings or a disinterest in normal activities, significantly obstructing day-to-day life.

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Susto

A cultural illness primarily found in Latin America, characterized by severe anxiety, restlessness, and fear believed to be caused by a frightful event.