As Long as the Supply Curve for a Good Is

question 157

Multiple Choice

As long as the supply curve for a good is upward sloping and the demand curve is downward sloping, a sales tax imposed on sellers shifts the supply curve

• A) leftward and definitely raises the equilibrium price.
• B) leftward and possibly raises the equilibrium price.
• C) rightward and possibly increases the equilibrium quantity.
• D) rightward and definitely decreases the equilibrium quantity.

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Definitions:

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.

Evaluate

To calculate the value of an expression or assess the significance of something in a given context.

Fraction

A mathematical expression representing a part of a whole, typically written with a numerator and a denominator.

Exponentiation

A mathematical action that consists of elevating a number to the exponent of another number.