If an Excise Tax Is Imposed on a Good,then the Supply

question 7

Multiple Choice

If an excise tax is imposed on a good,then the supply curve:

• A) shifts up by the amount of the demand elasticity.
• B) does not change.
• C) shifts down by the amount of the tax.
• D) shifts up by the amount of the tax.

Differentiate between e-commerce and social commerce.

Identify elements and characteristics of social commerce strategies (such as advocacy, transparency, infectiousness, and reciprocity).

Comprehend consumer decision-making steps in the context of social commerce.

Understand how consumer trust in product reviews is influenced.

---

Definitions:

Fixed Factory Overhead

Costs associated with manufacturing that do not change with the level of production, such as salaries of supervisors and rent of the facility.

Sales Forecast

A sales forecast is the projection of the amount of revenue a company will generate through sales activities over a specific period.

Cash Receipts

Represents the money received by a business during a specific period, including revenues from sales, services, and loans.

Credit Sales

Credit Sales are transactions where the purchaser buys goods or services but the payment to the seller is delayed according to agreed terms, rather than paid in full at the time of sale.