Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because:
A) they will certainly have to pay more taxes.
B) people will likely buy less cigarettes and liquor from them.
C) the government has increased the sales tax.
D) their personal property tax will now increase.

Question

Quizplus · Accepted Answer

The increase in taxes on cigarettes and liquor will likely lead to decreased sales for Mark and Barry, as customers will be less willing to pay the higher prices. This will have a direct impact on their business revenue. The other choices are not directly related to the situation described.

Mark and Barry Own the Warehouse Liquor Store in Town