A Pigovian Tax Will _______ the Price When Imposed on Consumers

question 11

Multiple Choice

A Pigovian tax will _______ the price when imposed on consumers and _______ the price when imposed on producers.

• A)increase; decrease
• B)decrease; increase
• C)increase; increase
• D)decrease; decrease

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Definitions:

Misdemeanor

A criminal offense that is less severe than a felony, typically punishable by fines or incarceration for less than one year.

Petty Offense

A minor crime that is less serious than a misdemeanor, often punishable by a fine or a short term of imprisonment.

Misdemeanor

A category of criminal offense that is less serious than a felony and typically punishable by fines, probation, or short-term imprisonment.

Disturbing the Peace

An act that disrupts public order or tranquility, often addressed by legal statutes.