-Graphically,what Is the Effect of Imposing an Excise Tax on a Product

question 144

Multiple Choice

-Graphically,what is the effect of imposing an excise tax on a product?

• A)It will shift both the supply and the demand curve for the product to the left.
• B)It will shift the supply curve for the product to the left.
• C)It will shift the supply curve for the product to the right.
• D)It will shift both the supply and the demand curve for the product to the right.
• E)It will shift the supply curve for the product to the left and the demand curve to the right.

---

Definitions:

Developed Countries

Nations with advanced industrial bases, high standards of living, and well-developed infrastructure.

American HR Publications

Publications originating from the United States that focus on human resources management and related disciplines.

Stakeholders

Individuals or groups with an interest or stake in the outcome of a project, business, or decision.

Constituent Groups

Groups of stakeholders or individuals that have a direct or indirect interest in an organization's activities and outcomes.