If a Tax Causes the Supply Curve to Shift,we Know

question 82

Multiple Choice

If a tax causes the supply curve to shift,we know that the tax is paid out of pocket by

• A) consumers.
• B) producers.
• C) the government.
• D) both producers and consumers.
• E) consumer,producers,and the government.

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Definitions:

Income Statement Relationships

The relationships within an income statement involve how revenues, expenses, and profits interact and affect each other to show a company's financial performance over a period.

Uncollectible Accounts

Accounts receivable that are considered unlikely to be collected and thus are written off as a bad debt expense.

Promissory Note

A tool used in finance that carries an explicit pledge by a party to give another party a defined sum of cash, which may be required instantly or at a later date agreed upon by both parties.

Accounts Receivable Turnover

Accounts Receivable Turnover is a financial ratio that measures how many times a company can turn its accounts receivable into cash during a period, indicating the efficiency of collecting debts.