A Tax Imposed on the Buyers of a Good Will

question 141

Multiple Choice

A tax imposed on the buyers of a good will raise the

• A)price paid by buyers and lower the equilibrium quantity.
• B)price paid by buyers and raise the equilibrium quantity.
• C)effective price received by sellers and lower the equilibrium quantity.
• D)effective price received by sellers and raise the equilibrium quantity.

---

Definitions:

Flow Response

The reaction or movement of a fluid, such as water or air, in response to external forces or conditions.

Rainfall

Precipitation in the form of water droplets that falls from clouds and is a crucial part of the water cycle sustaining ecosystems and human activities.

Hydrograph

A graph showing the change in the amount of flowing water (discharge) over time.

Steeper Slopes

Areas of land where the gradient is more inclined relative to the horizontal plane, increasing the rate of runoff.