Refer to the Graph Shown

question 137

Multiple Choice

Refer to the graph shown. Initially, the market is in equilibrium with price equal to $12 and quantity equal to 140. 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 $12 to $14.
• B)lower the price consumers pay from $14 to $12.
• C)raise the price sellers keep after paying the tax from $12 to $14.
• D)lower the price sellers keep after paying the tax from $14 to $12.

---

Definitions:

Workplace Governance

The systems, policies, and practices that control the operation and management of a workplace, often involving the participation of both management and employees.

Critical Industrial Relations

An analytical approach that examines the power dynamics and conflicts within workplace and labor markets, emphasizing structural inequalities.

Efficiency

a measure of how effectively resources (such as time, money, and labor) are used to achieve a goal or output, often with the aim of minimizing waste and maximizing productivity.

Equity

In finance, refers to the ownership interest in a corporation in the form of common stock or preferred stock; in social justice, refers to fairness and justice in treatment, opportunities, and resources.