In the Short Run, a Tax Placed on a Perfectly

question 43

Multiple Choice

In the short run, a tax placed on a perfectly competitive industry should

• A)increase the total amount of the good sold.
• B)decrease the total amount of the good sold.
• C)not affect the total amount of the good sold.
• D)always increase the price.

---

Definitions:

DISC Acronym

DISC stands for Dominance, Influence, Steadiness, and Conscientiousness, which are the four personality traits it assesses.

Dominance

Refers to the influence or control one party has over another, often seen in market positions or hierarchical relationships.

Assertiveness

The quality of being self-assured and confident without being aggressive, in the context of communicating one's rights, desires, or opinions.

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into 16 personality types based on preferences in how they perceive the world and make decisions.