Which of the Following Outcomes Is NOT a Result of a Tax

question 122

Multiple Choice

Which of the following outcomes is NOT a result of a tax imposed on sellers of petrol?

• A) Supply decreases, a deadweight loss is created, and the price rises.
• B) Demand decreases, the market becomes more efficient, and the price rises.
• C) The market becomes less efficient, and the government collects the tax revenue.
• D) Demand does not change, the price rises, and consumer surplus decreases.

Recognize the appropriate statistical test for analyzing dependent sample data.

Interpret the significance levels and p-values in hypothesis testing.

Understand and calculate the obtained value and test statistic in t-tests.

Identify how the sample size relates to degrees of freedom and the t-test.

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Definitions:

Variable Cost

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.

Fixed Cost

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the level of production or business activity.

Fixed Cost

Costs that do not change with the level of production or business activity, such as rent, salaries, and insurance.