An Unintended Effect of a New Tax Placed on the Producers

question 15

Multiple Choice

An unintended effect of a new tax placed on the producers of good A may likely include

• A)a lower price paid by the consumers of good A.
• B)more consumers' surplus for the buyers of good A.
• C)fewer workers employed in the production of good A.
• D)more producers' surplus for the producers of good A.

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Definitions:

Illegal Distribution

The unauthorized distribution of materials or products, violating legal or regulatory standards.

Corporation's Assets

Resources or items of value owned by a corporation, including tangible and intangible properties.

Recovered

Refers to the process of obtaining something of value, often financially, that was lost, stolen, or owed.

Model Business Corporation Act (MBCA)

A model set of laws prepared by legal experts to provide a standard for corporate legislation across states, aiming to encourage uniformity.