A Tax Placed on a Good

question 132

Multiple Choice

A tax placed on a good

• A)causes the effective price to sellers to increase.
• B)affects the welfare of buyers of the good, but not the welfare of sellers.
• C)causes the size of the market for the good to shrink.
• D)creates a burden that is usually borne entirely by the sellers of the good.

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Definitions:

Carbon Atoms

The fundamental building blocks of organic molecules, capable of forming four covalent bonds.

Molecule

The smallest unit of a chemical compound that can exist, consisting of two or more atoms bonded together.

Condensed Structure

A representation of a molecular structure that omits certain atoms or groups, assuming the reader will infer their presence to simplify depictions of organic compounds.

Structural Formula

A graphical representation of a molecular structure, showing how atoms are arranged and bonded together within a molecule.