If a Tax Shifts the Demand Curve Upward (Or to the Right),we

question 3

Multiple Choice

If a tax shifts the demand curve upward (or to the right) ,we can infer that the tax was levied on

• A)buyers of the good.
• B)sellers of the good.
• C)both buyers and sellers of the good.
• D)We cannot infer anything because the shift described is not consistent with a tax.

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Definitions:

Overestimate

To assess something at a higher value or quantity than it actually possesses.

Underestimate

The act of judging something to be less in quantity or importance than it actually is.

Open Book Policy

A business practice where a company shares detailed financial and operational information openly with its employees to foster transparency and inclusivity.

Systematic Mis-estimates

Biased or erroneous assessments that occur in a predictable pattern due to cognitive or procedural errors.