When a Tax Is Imposed on the Buyers of a Good,the

question 127

Multiple Choice

When a tax is imposed on the buyers of a good,the demand curve shifts

• A)upward by the amount of the tax.
• B)downward by the amount of the tax.
• C)upward by less than the amount of the tax.
• D)downward by less than the amount of the tax.

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Definitions:

Ammonia

Ammonia is a colorless gas with a distinct pungent smell, composed of nitrogen and hydrogen (NH3), widely used in fertilizers and as a cleaning agent.

Nitrogen

a chemical element with symbol N and atomic number 7, essential for life, making up a significant part of Earth's atmosphere.

Simple Organic Molecules

Simple Organic Molecules are molecules composed of carbon along with other elements like hydrogen, oxygen, and nitrogen, serving as the basic building blocks for more complex organic substances.

Oparin

A scientist known for his hypothesis on the origin of life, proposing that life on Earth developed through a process of chemical evolution in a primordial soup of organic molecules.