Refer to the Graph Shown

question 46

Multiple Choice

Refer to the graph shown. Initially, the market is in equilibrium with price equal to $25 and quantity equal to 100. As a result of a per-unit tax imposed by the government, the supply curve shifts from S₀ to S₁. The effect of the tax is to:

• A) raise the price consumers pay from $25 to $30.
• B) lower the price consumers pay from $25 to $15.
• C) raise the price sellers keep after paying the tax from $25 to $30.
• D) lower the price sellers keep after paying the tax from $25 to $20.

---

Definitions:

Budgeting

The process of creating a plan to spend your money, allocating specific amounts to various needs, savings, and desires.

Reporting

The method of arranging data into summary reports to track the performance of various sectors within a business.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

Supervision

The act of overseeing or managing the work and performance of others, often in a workplace setting.