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Suppose the Market Supply Curve for Some Good Is Upward

question 134

Multiple Choice

Suppose the market supply curve for some good is upward sloping.If the imposition of an excise tax causes no change in the equilibrium quantity sold in the market,the good's demand curve must be ________,meaning that the burden of the tax has fallen completely on the ________.


Definitions:

Human Brain

The central organ of the human nervous system, responsible for processing sensory data, regulating bodily functions, and enabling thought, emotion, and behavior.

Fish

Aquatic vertebrate animals that are typically ectothermic (cold-blooded), have gills, and usually possess fins.

Cortical Space

Refers to the areas within the brain's cortex involved in various cognitive and sensory processes.

Paws

The feet of an animal that have claws or nails, often referring to those of domestic pets like cats and dogs.

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