If a Tax Is Placed on Tires, Then I

question 76

Multiple Choice

If a tax is placed on tires, then i. the equilibrium quantity of tires will decrease.
Ii. a deadweight loss will be created.
Iii. the producer surplus will decrease.

• A)i only
• B)ii only
• C)i and iii
• D)i and ii
• E)i, ii, and iii

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Definitions:

GUI Application

A graphical user interface application that allows users to interact with electronic devices through graphical icons and visual indicators.

JCheckBox

A GUI component in Java Swing that represents a checkbox which can be either checked or unchecked by the user.

ToggleButton

A ToggleButton is a user interface element that can switch between two states or options when clicked, often represented visually by being "checked" or "unchecked."

Subclass

A subclass in object-oriented programming is a class that inherits from another class, known as its superclass, allowing for code reuse and polymorphic behavior.