If Supply Is Perfectly Elastic, a Sales Tax Imposed on Sellers

question 319

Multiple Choice

If supply is perfectly elastic, a sales tax imposed on sellers is paid by

• A) only the buyers.
• B) only the sellers.
• C) both the buyers and sellers.
• D) None of the above answers is correct.

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Definitions:

Nasal Conchae

Curved bony projections in the nasal cavity that help to filter, warm, and moisten the air we breathe.

Zygomatic Process

A projection of the temporal bone that forms part of the zygoma, or cheekbone, connecting with the zygomatic bone of the face.

Mandible

The lower jawbone, which is the largest, strongest bone in the face, serving for the reception of the lower teeth and providing structure for facial shape and motion.

Maxillary

Relating to the upper jawbone, which forms part of the face and holds the upper teeth.