Suppose an Excise Tax of $0

question 67

Multiple Choice

Suppose an excise tax of $0.75 is imposed on every pack of cigarettes sold and sellers are responsible for paying this tax.How would the imposition of the tax be illustrated in a graph?

• A)The supply curve for cigarettes would shift up by $0.75.
• B)The supply curve for cigarettes would shift up by less than $0.75.
• C)The supply curve for cigarettes would shift up by more than $0.75.
• D)The supply curve for cigarettes would shift down by $0.75.

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Definitions:

Wire Connectors

Devices designed to join electrical conductors together, ensuring a secure and reliable electrical circuit.

Signal Path

The route or channel through which an electronic signal moves from one component to another within a system or circuit.

Add-on Instructions

Custom instructions created within a PLC program to encapsulate frequently used or complex logic.

Instruction Set

The set of general-purpose instructions available with a given controller. In general, different machines have different instruction sets.