If the Demand for a Good Is Perfectly Elastic,then a Tax

question 41

Multiple Choice

If the demand for a good is perfectly elastic,then a tax on the good will be paid

• A)completely by the buyers.
• B)completely by the sellers.
• C)equally by the buyers and sellers.
• D)mostly but not completely by the buyers.
• E)mostly but not completely by the sellers.

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Definitions:

Job Interview Offers

Invitations extended to candidates to attend a formal discussion to determine their suitability for a specific employment position.

Race

A social construct that categorizes people based on physical characteristics, such as skin color, as well as historical, cultural, and political factors.

Normalization

The process of making something acceptable or standard within a social context, often by establishing it as a norm or custom.

Disobeys

To act against or refuse to follow a rule, law, or instruction.