Suppose That a Market Is Initially in Equilibrium,then a Per-Unit

question 67

Multiple Choice

Suppose that a market is initially in equilibrium,then a per-unit tax is imposed on sellers.The more elastic demand is,the ______ the burden of the tax borne by ______.

• A) smaller;consumers
• B) larger;consumers
• C) smaller;consumers and producers
• D) smaller;producers
• E) larger;consumer and producers

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Definitions:

Localise

To adapt a product, message, or strategy to meet the cultural, linguistic, and consumption preferences of a specific geographic region or community.

Unidirectional Flow

A process or communication method where information or resources move in only one direction, from sender to receiver, without a reciprocal exchange.

Periphery

The outer limits or edge of an area or object, often referring to regions or areas that are marginal, less developed, or outside the mainstream.

Glocalization

The practice of conducting business according to both local and global considerations, adapting services or products for local markets while maintaining global appeal.