-The Demand for Apple Pies Is Perfectly Elastic

question 81

Multiple Choice

-The demand for apple pies is perfectly elastic. If the government taxes pies at $1 a pie, then

• A) the seller and the buyer split the tax but the seller pays more.
• B) the seller and the buyer split the tax evenly.
• C) the seller pays the entire tax.
• D) the buyer pays the entire tax.
• E) who pays the tax depends on whether the government imposes the tax on pie buyers or on pie sellers.

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Definitions:

Jack Trimpey

Jack Trimpey is the founder of Rational Recovery, a self-help program for overcoming addiction that emphasizes personal responsibility and cognitive techniques to achieve and maintain abstinence.

Twelve-step Meetings

Group gatherings that follow a set framework of twelve sequential steps, aiming for recovery from addiction or compulsive behaviors, commonly associated with organizations like Alcoholics Anonymous.

Recovering Person

An individual who is in the process of recovering from addiction, illness, or another significant challenge, and is working towards regaining health and well-being.

Closed

In the context of meetings or groups, referring to sessions that are not open to the general public but only to members or those who meet certain criteria.