If the Demand for a Good Is Perfectly Elastic,then a Tax

question 41

Multiple Choice

If the demand for a good is perfectly elastic,then a tax on the good will be paid

• A)completely by the buyers.
• B)completely by the sellers.
• C)equally by the buyers and sellers.
• D)mostly but not completely by the buyers.
• E)mostly but not completely by the sellers.

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Definitions:

Interim Home Damage Coverage

Temporary insurance protection for damages to one's home, typically used until permanent insurance takes effect or repairs are completed.

Beneficiary

An individual or entity entitled to receive benefits or assets under the terms of a will, insurance policy, retirement account, trust, or other contract.

Life Insurance

Life insurance is a contract between an insurer and a policy holder designed to pay a designated beneficiary a sum of money upon the death of the insured person, offering financial protection to beneficiaries.

Death Benefit

A sum of money paid to a beneficiary upon the death of the insured person.