If the Demand for a Good Is Very Price Inelastic

question 9

Multiple Choice

If the demand for a good is very price inelastic, the imposition of a tax on that good

• A)places the burden of the tax equally on buyers and sellers
• B)permits sellers to pass most of the cost increase resulting from the tax on to the consumers of the product
• C)reduces the profits earned by sellers since they must write the check to pay the tax
• D)makes the demand more inelastic
• E)makes the demand more elastic

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Definitions:

Smoking Status

An individual's current use of tobacco products, often categorized as current smoker, former smoker, or never smoker.

Menopause

The natural cessation of menstruation that typically occurs in women in their late 40s to early 50s, marking the end of reproductive years.

Menstrual Pad

A type of feminine hygiene product worn externally to absorb menstrual flow.

Sexual Intercourse

The physical act between individuals that typically involves the penetration of the body, considered a fundamental aspect of human sexuality and reproduction.