When a Tax Is Imposed on Some Good,what Happens to the Amount

question 49

Multiple Choice

When a tax is imposed on some good,what happens to the amount of the good bought and sold?

• A) It increases.
• B) It decreases.
• C) It decreases,but only if the tax is imposed on producers.
• D) It decreases,but only if the tax is imposed on consumers.
• E) It increases,but only if the tax is imposed on consumers.

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Definitions:

Welfare Systems

Governmental programs designed to provide financial or other aid to individuals in need to ensure their basic living standards.

World Population

The current global population of human beings inhabiting the planet.

8 Billion

A numerical figure representing the global human population milestone expected to be reached in the near future, highlighting concerns and discussions about sustainability, resources, and demographic pressures.

Social Forces

Various societal factors and institutions that influence individual behaviors, norms, and societal patterns.