A Government-Imposed Tax on Soft Drinks Would Shift the Supply

question 30

Multiple Choice

A government-imposed tax on soft drinks would shift the supply curve for soft drinks to the left,________ the equilibrium price and ________ the equilibrium quantity.

• A)increasing; increasing
• B)increasing; decreasing
• C)decreasing; increasing
• D)decreasing; decreasing

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Definitions:

Older Siblings

Children who are born before the subsequent children in a family, often having responsibilities or influence over their younger siblings.

Role Models

Individuals admired for their behaviors, qualities, or achievements, often serving as examples for others, particularly younger people.

Older Brothers

Male siblings who are born before another child in the family, often playing significant roles in the dynamics and socialization of younger siblings.

Older Sisters

Female siblings who are born before another child in the family, often playing significant roles in the socialization and care of younger siblings.