If a Tax Is Levied on the Sellers of a Product,then

question 399

Multiple Choice

If a tax is levied on the sellers of a product,then there will be a(n)

• A) downward shift of the supply curve.
• B) upward shift of the supply curve.
• C) movement up and to the right along the supply curve.
• D) movement down and to the left along the supply curve.

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Definitions:

Fulfillment of Purpose

The achievement or realization of an intended objective or reason for something's existence or creation.

Implied Warranty

An unspoken, unwritten guarantee that a product will meet a minimum level of quality and functionality.

Partially Disclosed

When some but not all relevant information is revealed or made known, usually in a transaction or contractual context.

Hostile Work Environment

A workplace in which harassment or discrimination interferes with one’s job performance or creates a difficult or offensive work environment.