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

question 49

Multiple Choice

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

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

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Definitions:

HUD Guidelines

Regulations and standards set by the U.S. Department of Housing and Urban Development to ensure fair housing and urban development practices.

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home.

Freddie Mac

A government-sponsored enterprise (GSE) in the United States that aims to expand the secondary mortgage market by buying mortgage loans and mortgage-related securities.

Fannie Mae

A government-sponsored enterprise (GSE) aimed at expanding the secondary mortgage market by securitizing mortgages.