If a Tax Is Imposed on Sellers of a Product

question 152

Multiple Choice

If a tax is imposed on sellers of a product, the demand curve will:

• A) shift upward.
• B) shift downward.
• C) not shift.
• D) shift upward or downward depending on elasticity of demand.

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Definitions:

Union Membership

The state of being a member of a labor union, which is an organization that represents the collective interests of workers.

Membership Dues

Fees paid by individuals to belong to an organization, club, or group, which often fund operations and member activities.

Nonunion Labor

Workers who are not members of a labor union and therefore do not receive the benefits or protections offered by union representation.

Strike Threat

An indication or warning from employees or a labor union that they are considering a strike to press for better working conditions, pay, or benefits.