Suppose There Is Currently a Tax of $50 Per Ticket

question 147

Multiple Choice

Suppose there is currently a tax of $50 per ticket on airline tickets.Buyers of airline tickets are required to pay the tax to the government.If the tax is reduced from $50 per ticket to $30 per ticket,then the

• A)demand curve will shift upward by $20,and the effective price received by sellers will increase by $20.
• B)demand curve will shift upward by $20,and the effective price received by sellers will increase by less than $20.
• C)supply curve will shift downward by $20,and the price paid by buyers will decrease by $20.
• D)supply curve will shift downward by $20,and the price paid by buyers will decrease by less than $20.

Understand the importance of defining objectives before composing a message.

Recognize the differences in communication mediums and how they affect message delivery.

Grasp the significance of anticipating the audience's reaction in the initial phase of writing.

Learn the three phases of the writing process and their importance in effective business communication.

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Definitions:

Consumer Decision-making Process

The stages a buyer goes through in making choices about which products or services to buy, including need recognition, information search, evaluation of alternatives, purchase, and post-purchase behavior.

Search for Information

The process by which individuals or organizations seek out and gather relevant data or facts to make informed decisions.

First Step

The initial action or move in a process or sequence of events.

Knowledge Gaps

Areas or topics where information is lacking, representing a disparity between what is known and what needs to be known.