The Imposition of an Excise Tax Usually Causes the Price

question 33

Multiple Choice

The imposition of an excise tax usually causes the price paid by consumers to ________,while the price received by sellers ________.

• A)rise; remains unchanged
• B)rise; falls
• C)rise; rises
• D)fall; remains unchanged
• E)fall; falls

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Definitions:

Wetland Species

Plants and animals specially adapted to live in wetland ecosystems, such as swamps, marshes, and bogs.

Non-targeted Species

Organisms that are unintentionally affected by human activities or control measures aimed at other species.

Human Activities

Actions by humans that affect the environment, economy, and society, ranging from agriculture and industry to recreation and urban development.

Large Catches

Large catches refer to the significant quantities of fish or other marine organisms captured at once by fishing operations, which can impact marine populations and ecosystems.