If a Tax Is Levied on the Sellers of a Product

question 221

Multiple Choice

If a tax is levied on the sellers of a product, then the demand curve will

• A)shift down.
• B)shift up.
• C)become flatter.
• D)not shift.

---

Definitions:

Absolute Threshold

The minimum intensity level of a stimulus required for it to be detected by an organism's sensory receptors 50% of the time.

Arbitrary Value

A value or figures assigned based on random choice or personal whim, rather than any reason or system.

Upper Limit

The maximum level or point that is considered acceptable or achievable.

Absolute Threshold

The minimum intensity of a stimulus that can be detected by the senses at least 50% of the time.