What happens when the government imposes a unit excise tax on a good?
A. The amount of the tax is added to the current equilibrium price.
B. That good's supply curve shifts down by the amount of the tax.
C. The demand for the newly taxed good decreases.
D. The newly taxed good's supply curve shifts vertically upward by the amount of the per-unit tax being levied.
Answer: D
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Models of growth that account for technological progress are part of
A) creative destruction theory. B) growth accounting. C) new growth theory. D) all of the above.
An increase in the demand for peanut butter could be caused by a(n)
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