Which Outcome Will Occur as a Result of a Tax,whether

question 27

Multiple Choice

Which outcome will occur as a result of a tax,whether the tax is placed on the buyer or the seller

• A)size of the market is reduced
• B)price the seller receives is higher
• C)supply curve will shift upward
• D)demand curve will shift upward

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Definitions:

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company.

Cash Collections

The total amount of money received by a company from its various activities, including sales, services, and financing, over a specific period.

Cost of Goods Sold

Costs directly associated with manufacturing goods a company sells, such as materials and labor expenses.