If an Excise Tax Is Imposed on Shirts

question 25

Multiple Choice

If an excise tax is imposed on shirts,

• A) the number of shirts produced will exceed the number demanded
• B) the number of shirts demanded will exceed the number supplied
• C) the equilibrium market price will decrease
• D) the amount consumers pay for each shirt will decrease
• E) the net revenue producers receive from each shirt will decrease

---

Definitions:

Develop Morality

The process through which individuals learn and internalize societal norms and values concerning right and wrong behavior.

Exposure to Diversity

The experience of coming into contact with and learning about people from a wide range of different backgrounds, cultures, and perspectives.

Scaffolding

Temporary support that is tailored to a learner’s needs and abilities, and aimed at helping the learner master the next task in a given learning process.