When the Government Places a Tax on the Producer of a Good

question 117

Multiple Choice

When the government places a tax on the producer of a good or service

• A) the demand curve for the good or service shifts to the right.
• B) the demand curve for the good or service shifts to the left.
• C) the supply curve for the good or service shifts to the right.
• D) the supply curve for the good or service shifts to the left.
• E) both the supply and demand curves for the good or service shifts to the left.

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Definitions:

Project Sponsor

An individual or group that provides financial resources for a project and supports its initiation, planning, and execution.

Day-to-day Operations

Routine activities and tasks that are conducted on a regular basis to ensure the smooth functioning of an organization or project.

Commodity Items

Basic goods that are interchangeable with other goods of the same type and useful in commerce or trade.

Technology Newness

The degree to which technology is novel or untested, which can impact a project's risk profile and the need for specialized expertise.