If Those Who Consumed Common Resources Were Subject to a Tax

question 66

Multiple Choice

If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created,their demand curve:

• A)would shift straight down and they would consume less.
• B)would shift straight up and they would consume more.
• C)would shift straight down and they would consume more.
• D)would shift straight up and they would consume less.

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Definitions:

Unknown Quantity

A value in mathematics or science that is not initially known but is sought through problem-solving.

Proportion

A portion, fraction, or quantity of something as it relates to the entirety.

Unknown Quantity

A variable or value in a mathematical equation or problem that is not known but can be solved for using given information.

Like Terms

Algebraic terms that have the same variable parts and powers.