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:

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one person or group to another through various means.

Local Union

Branch of a union that is locally based and forms part of a larger (often national or international) union.

National Union

A labor union that represents the interests of workers across an entire nation, across various industries or sectors.

Social Union

A type of union or group that focuses primarily on social activities, support, and engagement among its members, rather than on economic or political goals.