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-Graphically,what Is the Effect of Imposing an Excise Tax on a Product

Question 144

Multiple Choice

  -Graphically,what is the effect of imposing an excise tax on a product? A) It will shift both the supply and the demand curve for the product to the left. B) It will shift the supply curve for the product to the left. C) It will shift the supply curve for the product to the right. D) It will shift both the supply and the demand curve for the product to the right. E) It will shift the supply curve for the product to the left and the demand curve to the right.
-Graphically,what is the effect of imposing an excise tax on a product?


A) It will shift both the supply and the demand curve for the product to the left.
B) It will shift the supply curve for the product to the left.
C) It will shift the supply curve for the product to the right.
D) It will shift both the supply and the demand curve for the product to the right.
E) It will shift the supply curve for the product to the left and the demand curve to the right.

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