A Tax on Sellers Will Shift the

question 69

Multiple Choice

A tax on sellers will shift the

• A)demand curve upward by the amount of the tax.
• B)demand curve downward by the amount of the tax.
• C)supply curve upward by the amount of the tax.
• D)supply curve downward by the amount of the tax.

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Definitions:

Legal Control

The power or authority to direct the management and policies of a company or organization, typically through ownership of voting shares or by contract.

Trade Payables

Money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Financial Manager

A professional responsible for the financial health of an organization, involving financial planning, management of financial risks, and financial report analysis.

Marketable Securities

Financial instruments that can be easily bought or sold on public exchanges or markets due to their high liquidity and short-term maturity.