Which of the Following Leads to the Demanders Paying All

question 369

Multiple Choice

Which of the following leads to the demanders paying all of a tax?

• A) The supply is unit elastic.
• B) The supply is perfectly inelastic.
• C) The demand is perfectly elastic.
• D) The demand is perfectly inelastic.

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Definitions:

Sequential Game

A strategic game where players make moves one after another rather than simultaneously.

Monopolized

A market structure dominated by one supplier, with no close substitutes for the product or service, giving the supplier significant control over prices and output.

Simultaneous Game

A strategic scenario where players make their decisions or moves at the same time without knowledge of the other players' choices.

Simultaneous Game

A type of game in strategic game theory where all players make their decisions at the same time, without knowledge of the others' choices.