Figure 4-22 Refer to Figure 4-22. Suppose the Same S and D

question 95

Multiple Choice

Figure 4-22
Refer to Figure 4-22. Suppose the same S and D curves apply, and a tax of the same amount per unit as shown here is imposed. Now, however, the buyers of the good, rather than the sellers, are required to pay the tax to the government. Now,

• A) the burden on buyers will be larger than in the case illustrated in Figure 4-22.
• B) the burden on sellers will be smaller than in the case illustrated in Figure 4-22.
• C) a downward shift of the demand curve replaces the upward shift of the supply curve.
• D) All of the above are correct.

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Definitions:

John Roberts

The 17th and current Chief Justice of the United States, having been appointed in 2005, known for his work on the Supreme Court.

William Rehnquist

William Rehnquist served as an Associate Justice of the Supreme Court of the United States from 1972 to 1986, and then as Chief Justice from 1986 until his death in 2005, noted for his conservative jurisprudence.

No Child Left Behind Act

A 2001 U.S. act of Congress that reauthorized the Elementary and Secondary Education Act; it supported standards-based education reform based on the principle that setting high standards and establishing measurable goals could improve individual outcomes in education.

Educational Reform

Initiatives aimed at improving educational systems or practices, often focusing on issues such as quality, accessibility, and equality in schooling.