A Per-Unit Tax Is Placed on the Production of Good

question 69

Multiple Choice

A per-unit tax is placed on the production of good Y. Someone who believes that the producers of the good will end up paying the full tax may be assuming that the good's demand curve is

• A)elastic.
• B)perfectly inelastic.
• C)inelastic.
• D)perfectly elastic.
• E)unit elastic.

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Definitions:

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

Congressional Amendment Proposal

The process by which Congress proposes changes or additions to the U.S. Constitution, requiring approval by a supermajority in both houses or by a constitutional convention.

Bill of Rights

A collection of the first ten amendments to the United States Constitution, guaranteeing such rights as the freedoms of speech, assembly, and worship.

Stonewall Inn

A bar located in New York City, known for the 1969 riots that marked the beginning of the modern LGBTQ+ rights movement.