If a Tax Is Levied on the Buyers of a Product,then

question 106

Multiple Choice

If a tax is levied on the buyers of a product,then there will be a(n)

• A)downward shift of the supply curve.
• B)upward shift of the supply curve.
• C)movement up and to the right along the supply curve.
• D)movement down and to the left along the supply curve.

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Definitions:

Bar Charts

A type of graphical display used to represent categorical data with rectangular bars of lengths proportional to the values they represent.

Nominal Data

Data classified into categories that cannot be ordered or ranked.

Proportional Slice

A proportional slice refers to a segment of a whole, such as in a pie chart, where each slice’s size represents its proportion in relation to the total.

Nominal Data

Data that are categorized into distinct groups and names, without any order or ranking.