When a Tax Is Levied on the Buyers of a Good,the

question 215

Multiple Choice

When a tax is levied on the buyers of a good,the

• A)supply curve shifts upward by the amount of the tax.
• B)quantity supplied increases for all conceivable prices of the good.
• C)buyers of the good will send tax payments to the government.
• D)demand curve shifts to the right by the horizontal distance of the tax.

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Definitions:

Newt Gingrich

An American politician who served as the 50th Speaker of the United States House of Representatives from 1995 to 1999 and was a key figure in the Republican Party's Contract with America.

Speaker

A term with multiple meanings; in a legislative context, it typically refers to the presiding officer in a legislative body, such as the Speaker of the House in the U.S. Congress.

Committees

Subgroups within legislative bodies, organized around specific topics, responsibilities, or issues, tasked with conducting hearings, drafting legislation, and overseeing government operations related to their focus areas.

House

Refers to a legislative chamber, often the lower house in a bicameral system, such as the House of Representatives in the United States Congress.