If a Tax Is Imposed on a Good with a Perfectly

question 140

Multiple Choice

If a tax is imposed on a good with a perfectly elastic demand,the burden of the tax will be borne

• A) by both consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.

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Definitions:

Overgeneralizing

A cognitive distortion where an individual makes broad interpretations from a single or few events, often leading to negative thinking patterns.

Authoritative Therapist

A therapist who employs a directive yet supportive approach, combining expertise with empathy to facilitate a client’s therapeutic progress.

Primitive

Referring to the early stages of development or to the most basic level of a society's culture or an individual's psychological development.

Psychoanalysis

A therapeutic approach that explores unconscious motivations, conflicts, and past experiences to understand and resolve psychological issues and improve mental health.