When a Tax Is Imposed on the Buyers of a Good,the

question 127

Multiple Choice

When a tax is imposed on the buyers of a good,the demand curve shifts

• A)upward by the amount of the tax.
• B)downward by the amount of the tax.
• C)upward by less than the amount of the tax.
• D)downward by less than the amount of the tax.

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Definitions:

Ambrosia

In mythology, it is the food or drink of the gods, thought to confer immortality, but in a general context, it refers to something very pleasing to taste or smell.

Seafloor Spreading

The process by which new oceanic crust is formed at mid-ocean ridges and moves away from the ridge, contributing to continental drift.

Subduction

When tectonic plates converge, the movement of one plate beneath another into the mantle is referred to as subduction.

Continental Margins

The zones of the ocean floor that separate the thin oceanic crust from thick continental crust, including the continental shelf, slope, and rise.