Which of the Following Outcomes Is NOT a Result of a Tax

question 385

Multiple Choice

Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline?

• A) Supply decreases, a deadweight loss is created, and the price rises.
• B) The market becomes less efficient and the government collects the tax revenue.
• C) Demand does not change, the price rises, and consumer surplus decreases.
• D) Demand decreases, the market becomes more efficient, and the price rises.

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Definitions:

Test Statistic

A metric deduced from a sample's data in the process of hypothesis testing, which aids in determining the rejection of the null hypothesis.

P-value

The probability of observing a statistic at least as extreme as the one observed if the null hypothesis is true.

Upper Tailed Test

A hypothesis test where the critical area, in which the null hypothesis is rejected, is located in the upper tail of the probability distribution.

Test Statistic

A figure derived from data within a sample, utilized to determine the rejection of the null hypothesis in the context of statistical hypothesis testing.