If a Tax Shifts the Supply Curve Upward (Or to the Left),we

question 161

Multiple Choice

If a tax shifts the supply curve upward (or to the left) ,we can infer that the tax was levied on

• A)buyers of the good.
• B)sellers of the good.
• C)both buyers and sellers of the good.
• D)We cannot infer anything because the shift described is not consistent with a tax.

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Definitions:

Parking Lot

An area designated for the parking of vehicles, typically found outside commercial or public buildings.

Warehouse

A large building where raw materials or manufactured goods are stored before their distribution for sale.

Title

Refers to the legal right to own, use, or sell a particular property or asset.

Binder

A written, temporary insurance policy.