The Only Way Price and Quantity Will Not Change When

question 90

Multiple Choice

The only way price and quantity will not change when a tax is assessed on producers is for

• A)demand to be perfectly inelastic.
• B)supply to be perfectly elastic and demand to be perfectly inelastic.
• C)supply to be perfectly elastic.
• D)supply to be perfectly inelastic.
• E)demand to be perfectly elastic.

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Definitions:

Takt Time

Takt Time is a manufacturing term that represents the average time interval between the start of production of one unit and the start of the next unit, aligned to meet customer demand.

Operation Time

The total time taken to complete a specific task or process, including both productive and non-productive periods.

Cycle Time

The total time from the beginning to the end of a process, including process and wait times, indicating the speed of production.