What Effect Does a Tax Placed on a Product Have

question 162

Multiple Choice

What effect does a tax placed on a product have on the buyer and the seller

• A)The price the buyer pays and the price the seller receives are higher.
• B)The price the buyer pays and the price the seller receives are lower.
• C)The price the buyer pays is lower and the price the seller receives is higher.
• D)The price the buyer pays is higher and the price the seller receives is lower.

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Definitions:

Homeostatic Actions

These are the processes through which an organism maintains stability in its internal environment despite external changes.

Anesthetic

Substances that cause loss of sensation or consciousness, used medically during surgeries.

Coelom

A fluid-filled body cavity found in most multicellular organisms, entirely surrounded by mesoderm tissue, providing space for the development and suspension of organs and systems.

Intestines

Tubular digestive system organs responsible for nutrient absorption and waste elimination.