Exhibit 19-2 ​

question 35

Multiple Choice

Exhibit 19-2
​

-Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a tax on the producers of good X, taxing them on each unit of good X they sell. As a result, the supply curve

• A)shifts (down and) rightward from S₂ to S₁.
• B)shifts (up and) leftward from S₁ to S₂.
• C)does not shift from S₁.
• D)There is not enough information to answer the question.

---

Definitions:

Billions

A numerical value representing one thousand million (1,000,000,000) in the American counting system.

Personality Characteristics

Traits and attributes that form an individual's distinctive character.

Firm

A business organization, such as a corporation, partnership, or any other entity engaged in professional or commercial activities.

Lifestyle Traits

Refers to the habits, attitudes, tastes, moral standards, economic level, etc., that together constitute the mode of living of an individual or group.