QUESTION IMAGE
Question
a tax on the production or sale of a good is:
○ exercise tax
○ subsidy
○ elope tax
○ excise tax
question 9 1 pts
which of the following would lead to an increase (shift right) in supply?
○ new excise tax
○ diminishing marginal returns
○ increase in cost of raw materials
○ decrease in cost of raw materials
For the first question: An excise tax is a tax imposed on the production or sale of specific goods. "Exercise tax" is a spelling error, a subsidy is a payment to producers (not a tax), and "Elope tax" is not a valid tax term.
For Question 9: A decrease in the cost of raw materials lowers production costs, allowing producers to supply more goods at every price, shifting the supply curve right. A new excise tax, diminishing marginal returns, and increased raw material costs all reduce supply (shift left).
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- Excise tax
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