If a Tax Is Increased

question 33

Multiple Choice

If a tax is increased,

• A)​consumers will pay a higher price.
• B)​consumers will lose consumer surplus.
• C)​producers will receive a lower price after taxes.
• D)​all of the above are true.

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Definitions:

Surveys

Research methods involving the collection of data from a predefined group of respondents to gather information and insights on various topics.

Open-ended Questions

Questions that cannot be answered with a simple "yes" or "no," encouraging a detailed or descriptive response.

Internet-based Surveys

Surveys that are distributed and completed online, utilizing the internet to collect responses from a wide audience quickly.

Survey

A research method in which predetermined, formatted questions are distributed to relatively large numbers of people. Typically, respondents respond by phone, mail, e-mail, or website.