Rather Than Prohibiting a Good or Service, the Government Might

question 370

Multiple Choice

Rather than prohibiting a good or service, the government might tax it. Imposing such a tax on a good or service ________ the equilibrium price and ________ the equilibrium quantity.

• A) raises; increases
• B) raises; decreases
• C) lowers; increases
• D) lowers; decreases

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Definitions:

Incidence

The occurrence, rate, or frequency of a disease, disorder, or event in a specified population over a particular period of time.

Small Population

A group of individuals or entities considered small in number within a larger context or comparison.

Epidemiological Study

A research investigation that aims to identify the patterns, causes, and control of diseases in groups of people.

Eating Disorders

Mental disorders that involve abnormal eating habits that negatively impact a person's physical or mental health, including anorexia, bulimia, and binge eating disorder.