If There Is an Excise Tax Collected by Suppliers of a Particular

question 53

Multiple Choice

If there is an excise tax collected by suppliers of a particular product, when we draw the graph of supply and demand we would normally represent the excise tax by:

• A)a horizontal shift of the supply curve to the left by the amount of the excise tax.
• B)a horizontal shift of the supply curve to the right by the amount of the excise tax.
• C)a vertical shift up of the demand curve by the amount of the excise tax.
• D)a vertical shift up of the supply curve by the amount of the excise tax.

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Definitions:

Capillary Pores

Capillary pores refer to tiny openings in the surface of materials or biological tissues that facilitate the movement of fluids through capillary action.

Capsular Hydrostatic Pressure

The pressure within the capsule of a joint or within the Bowman's capsule in the kidneys, influencing filtration rates.

Bowman Capsule

A cup-like sac at the beginning of the tubular component of a nephron in the kidney, which performs the first step in the filtration of blood to form urine.

Blood Colloid Osmotic Pressure

The pressure exerted by plasma proteins on the capillary walls, which helps to retain water within the circulatory system.