If a Tax Shifts the Supply Curve Downward (Or to the Right),we

question 39

Multiple Choice

If a tax shifts the supply curve downward (or to the right) ,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.

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Definitions:

Place Utility

The value added to goods through changes in their location, making them more accessible or convenient for consumers.

Selective Distribution

A distribution strategy where a company distributes its products through a limited number of channels or retailers to maintain a certain level of brand exclusivity.