If the Government Places a $1500 Tax on Each Hybrid

question 99

Multiple Choice

If the government places a $1500 tax on each hybrid car sold,

• A)consumers will stop buying hybrid cars.
• B)the demand curve will shift to the right by $1500.
• C)the supply curve will shift to the right by $1500.
• D)None of the above.

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Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people through factors like industrial growth and education.

Wheat

Wheat is a cereal grain considered a staple food globally, used for making products like bread, pasta, and other foods due to its high gluten content.

Corn

A cereal grain which is a staple food in many parts of the world, also known as maize.

Population Growth

The increase in the number of individuals in a population, often measured as an annual percentage.