All Else Equal,if the Government Decides to Impose a Tax

question 43

Multiple Choice

All else equal,if the government decides to impose a tax on potato chips,the equilibrium quantity of potato chips would ________ and the equilibrium price of potato chips would ________.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

---

Definitions:

Zulu Language

A Bantu language of South Africa spoken primarily by the Zulu people, one of the country's major linguistic and cultural groups.

Cognitive Development

The process through which individuals gain and improve their ability to think, solve problems, and understand the world around them over time.

Jean Piaget

A Swiss psychologist renowned for his pioneering work in child development, particularly his theory of cognitive development.

Critical Period

A specific time in an organism's development during which the presence or absence of certain experiences has a long-lasting influence on future development.