The Poll Tax Was

question 18

Multiple Choice

The poll tax was:

• A) A tax on local government for use of polling places in private institutions
• B) A tax that had to be paid to be able to vote
• C) A state tax on income to pay for the costs of voting
• D) A federal tax on companies that make national opinion polls using the telephone

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Definitions:

Market Price

The price at which a product or service is traded in the marketplace, determined by supply and demand.

Market Clearing Level

The price and quantity at which supply equals demand, so there is no surplus or shortage in the market.

Surplus

Situation in which the quantity supplied exceeds the quantity demanded.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.