When a Tax Is Imposed on Some Good,the Lost Consumer

question 112

Multiple Choice

When a tax is imposed on some good,the lost consumer surplus and producer surplus both typically end up as

• A) additional revenues for firms.
• B) lower prices for consumers.
• C) more units of output bought and sold.
• D) increased social welfare.
• E) tax revenue and deadweight loss.

---

Definitions:

Respiratory Rate

The number of breaths an individual takes per minute, an important vital sign in assessing respiratory function.

Exercising Adult

An individual over the age of 18 who engages in regular physical activities to maintain or improve health and fitness.

Oximeter Pulse Rate

The measurement of heart rate (pulse) through a pulse oximeter, a non-invasive device that also measures oxygen saturation in the blood.

Latex Allergy

An allergic reaction to natural rubber latex, found in many medical and personal products, leading to various symptoms.