If a Tax Is Placed on the Output of Perfectly

question 48

Multiple Choice

If a tax is placed on the output of perfectly competitive firm that imposes external costs on society,the firm's marginal cost curve will shift ________ and the market supply curve will shift to the ________.

• A) down; left
• B) down; right
• C) up; right
• D) up; left

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Definitions:

Subliminal Presentation

The technique of presenting stimuli below the threshold of conscious awareness, aimed at influencing thoughts, feelings, or actions.

Cognitive Responses

Mental processes or reactions that occur as a result of external stimuli, influencing how information is perceived, processed, and remembered.

Emotional Responses

The emotional reactions individuals have to stimuli, which can range from happiness and excitement to sadness and anger.

Formative Period

A critical phase in development or history where foundations, characteristics, or habits are formed.