Use the Following to Answer Questions

question 121

Multiple Choice

Use the following to answer questions:
Figure: Supply Tax
-(Figure: Supply Tax) In the accompanying pizza market, with a $2 tax imposed on the sellers, how much do buyers pay for a pizza?

• A) $12
• B) $11.50
• C) $10
• D) $9.50

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Definitions:

Trade Sector

An economic segment that involves the exchange of goods and services across domestic and international boundaries.

Share Of The Economy

Represents the proportion or segment of the economy attributed to specific sectors, businesses, or activities.

Increasing

Describes a situation or quantity that is becoming larger or more in number over time.

Labor Productivity

The measure of economic output per unit input of labor, typically assessed as output per worker or per work hour.