If an Excise Tax Is Imposed on Automobiles and Collected

question 180

Multiple Choice

If an excise tax is imposed on automobiles and collected from consumers,the:

• A)demand curve will shift downward by the amount of the tax.
• B)supply curve will shift upward by the amount of the tax.
• C)equilibrium quantity supplied will increase relative to the pretax level.
• D)equilibrium quantity demanded will increase relative to the pretax level.

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Definitions:

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A societal approach that recognizes, values, and promotes cultural diversity, advocating for the coexistence of different cultural identities.

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