A Fixed Amount That Is Imposed Upon A Product By The Government; It Has The Effect Of Shifting The Supply Curve Vertically Upwards By The Amount Of The Tax.

🎲 Try a Random Question  |  Total Questions in Quiz: 425  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
IB Geography — practice the complete quiz, review flashcards, or try a random question.


1. A Fixed Amount That Is Imposed Upon A Product By The Government; It Has The Effect Of Shifting The Supply Curve Vertically Upwards By The Amount Of The Tax.