One Result of a Tax,regardless of Whether the Tax Is

question 76

Multiple Choice

One result of a tax,regardless of whether the tax is placed on the buyers or the sellers,is that the

• A) size of the market is unchanged.
• B) price the seller effectively receives is higher.
• C) supply curve for the good shifts upward by the amount of the tax.
• D) tax reduces the welfare of both buyers and sellers.

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Primary Key

An attribute or set of attributes that uniquely identifies a record in a database table.

Expected Graduation Year

The year in which a student is anticipated to complete their academic degree program.

PID

Stands for Proportional-Integral-Derivative, a type of control system used in industrial control applications to regulate temperature, flow, pressure, speed, and other process variables.

Foreign Key

A field in a database table that creates a link between two tables, identifying a row in another table to establish a relationship.