How Would the Market for Coffee Be Affected If the Government

question 52

Multiple Choice

How would the market for coffee be affected if the government charged an excise tax of $1.00 on each unit of coffee sold?

• A) There would be a shortage of coffee.
• B) The demand for coffee would increase.
• C) The demand for coffee would decrease.
• D) The supply curve would shift up vertically by $1.00.

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Definitions:

Chromatids

Each of the two strands of a chromosome that are joined together by a single centromere before cell division occurs.

Stages of Meiosis

A process in cell division where a single cell divides twice to produce four cells containing half the original amount of genetic information, typically involving stages such as prophase, metaphase, anaphase, and telophase, each occurring twice.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene arrangement but may differ in specific alleles.

Digital Rights Management

A set of access control technologies used to manage the use of copyrighted digital content.