"The Tax on Insulin in the Philippines Is Anywhere Between

question 109

Multiple Choice

"The tax on insulin in the Philippines is anywhere between 10 and 20 percent. If you are rich and living in the Philippines, this is not a problem, but if you are poor, then insulin becomes something that you cannot afford." If the government places the tax on sellers, what is the effect on the supply and demand curves?

• A) The demand curve stays the same and the supply curve shifts leftward.
• B) The demand curve shifts rightward and the supply curve stays the same.
• C) Both the demand and supply curves shift leftward.
• D) The demand curve shifts leftward and the supply curve stays the same.

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Definitions:

Integumentary System

The body system comprising the skin and its appendages (including hair, scales, feathers, hooves, and nails), serving as a protective covering and involved in regulating temperature.

Albinism

A group of inherited disorders characterized by little or no production of the pigment melanin, affecting the color of the skin, hair, and eyes.

Vitamin E

Vitamin E is a group of fat-soluble compounds with distinct antioxidant properties, important for protecting cells from damage and supporting immune function.

Epidermis

The outermost layer of skin, providing a waterproof barrier and creating our skin tone.