Imposing a Unit Excise Tax on the Final Sale of a Good

question 175

Multiple Choice

Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as

• A) a vertical shift upward of the demand curve.
• B) a vertical shift upward of the supply curve.
• C) a vertical shift downward of the demand curve.
• D) a vertical shift downward of the supply curve.

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Definitions:

Buick Owner's Demand

The term Buick owner's demand could refer to the specific needs or desires that individuals who own Buick vehicles have regarding their car's maintenance, improvements, or accessories.

Gasoline

A volatile, flammable liquid derived from petroleum, commonly used as fuel in internal combustion engines.

Gas Pump

A machine at a fuel station that dispenses liquid fuels such as gasoline, diesel, or ethanol-blended fuels into the tanks of vehicles.

South Dakota

A state located in the Midwestern region of the United States, characterized by its rolling plains and rugged national parks.