Figure 4-22 Refer to Figure 4-22

question 98

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:

Subliminal Perception

The process by which stimuli presented below the threshold of conscious awareness can influence thoughts, feelings, or actions, despite the individual being unaware of the stimuli.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time, allowing organisms to focus on changes in their environment.

Conscious Awareness

The state of being aware of one's own existence, sensations, thoughts, surroundings, etc.

Light Rays

Streams of photons traveling in a straight line, which are the basis of vision and are instrumental in phenomena such as reflection and refraction.