If a Tax Shifts the Supply Curve Upward (Or to the Left),we

question 161

Multiple Choice

If a tax shifts the supply curve upward (or to the left) ,we can infer that the tax was levied on

• A)buyers of the good.
• B)sellers of the good.
• C)both buyers and sellers of the good.
• D)We cannot infer anything because the shift described is not consistent with a tax.

---

Definitions:

Marginal Cost

The financial commitment needed to produce an additional unit of a product or service.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits you could have received by taking an alternative action.

Movieplex

A modern movie theater complex featuring multiple screens within a single venue, allowing for the screening of various films simultaneously.

Coupon

A voucher or code that entitles the holder to a discount off a particular product or service, or a certificate of interest payment on a bond.