If a tax is imposed on each unit of a good purchased, ________
A) the supply curve shifts to the right
B) the supply curve shifts to the left
C) the demand curve shifts to the right
D) the demand curve shifts to the left
D
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Suppose n identical Cournot firms purchase labor in a competitive labor market. How is the market demand for labor affected by the number of firms in the market?
What will be an ideal response?
Which of the following is an example of customer discrimination?
a. A foreign government prevents women from legally working as teachers. b. White theater goers prefer to watch movies with white stars rather than black stars. c. Customers prefer more experienced lawyers over less experienced ones. d. All of the above are correct.
All else equal, if there are diminishing returns, then if a country raised its capital by 100 units last year and by 100 units this year,
a. the increase in output was greater for this year than last year. b. the increase in output was greater last year than this year. c. the increase in output is the same in both years. d. None of the above is necessarily correct.
The Great Recession was primarily caused by
A. inflation fighting. B. negative demand shifts. C. negative supply shifts. D. problems in financial markets.