The Graph Shown Demonstrates a Tax on Sellers

question 113

Multiple Choice

The graph shown demonstrates a tax on sellers. The post-tax price paid by buyers is _______ than that received by sellers, and the difference is the _______. Leading is incorrect on this QS.

• A) greater; tax wedge
• B) less; total tax revenue
• C) greater; total tax revenue
• D) less; tax wedge

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Definitions:

Identifying Whale

The process of recognizing and distinguishing different species of whales, typically based on physical characteristics, sounds, and behaviors.

Algorithm

A detailed, step-by-step procedure designed to perform a specific task or solve a particular problem.

Self-Reminder

A personal note or method used to prompt one's memory about a task or fact.

Receive

To be given, presented with, or paid something.