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

question 195

Multiple Choice

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

• A)downward shift of the demand curve.
• B)upward shift of the demand curve.
• C)decrease in quantity demanded.
• D)increase in quantity demanded.

---

Definitions:

Unemployment Rate

The percentage of the labor force that is unemployed.

Money Supply

The aggregate of cash, coins, and deposits in checking and savings accounts, representing the financial assets available within an economy at a certain point in time.

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time.

Unemployment

The condition of someone being able to work and actively seeking work but unable to find employment.