When a Tax Is Levied on Buyers,the

question 83

Multiple Choice

When a tax is levied on buyers,the

• A)supply curves shifts upward by the amount of the tax.
• B)tax creates a wedge between the price buyers effectively pay and the price sellers receive.
• C)tax has no effect on the well-being of sellers.
• D)All of the above are correct.

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Definitions:

Aponeurosis

Aponeurosis refers to a type of flat and broad tendon that connects muscles to the parts they move, essentially serving as a fascial layer for muscle attachment.

Frontalis

The muscle of the forehead that elevates the eyebrows and wrinkles the skin of the forehead, part of the expression of surprise or concern.

Maxilla

The upper jawbone, forming the upper mouth section, the floors of the orbits, and sides of the nasal cavity.

Orbicularis Oculi

The orbicularis oculi is a circular muscle surrounding the eye that allows for blinking and squinting.