If a Tax Shifts the Demand Curve Upward (Or to the Right),we

question 3

Multiple Choice

If a tax shifts the demand curve upward (or to the right) ,we can infer that the tax was levied on

• A)buyers of the good.
• B)sellers of the good.
• C)both buyers and sellers of the good.
• D)We cannot infer anything because the shift described is not consistent with a tax.

---

Definitions:

Downward Communication

Information flow from higher levels of a hierarchy to lower levels, typically from management to employees.

Cable Network Television

Cable network television is a system of delivering television programming through coaxial or fiber-optic cables, as opposed to traditional broadcast methods.

Market Share

The percentage of an industry's sales that a specific company controls.

Great Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, which was officially observed in December 2007 – June 2009.