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If an Excise Tax Is Imposed on Wine and Collected

question 18

Multiple Choice

If an excise tax is imposed on wine and collected from the consumers,the _____ curve will shift _____ by the amount of the tax.


Definitions:

Due Process

A constitutional guarantee that all legal proceedings will be fair and that one will be given notice of the proceedings and an opportunity to be heard.

U.S. Constitution

The supreme law of the United States, embodying fundamental principles and establishing the national government's structure, functions, and powers.

Administrative Law

A branch of public law that governs the activities of administrative agencies of government, including rulemaking, adjudication, or the enforcement of a specific regulatory agenda.

Case Law

Legal principles developed through decisions in court cases rather than statutes.

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