The Imposition of an Excise Tax Will Cause the Least

question 10

Multiple Choice

The imposition of an excise tax will cause the least burden on consumers when demand is

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

---

Definitions:

Annual Grass

A type of grass that completes its entire life cycle from seed to death within one year.

Monocotyledones

Also known as monocots, a group of flowering plants characterized primarily by having one embryonic seed leaf.

Anthophyta

The division of plants that includes all flowering plants, characterized by the production of flowers and seed-containing fruits.

Homologous Structures

Anatomical features in different species that are similar due to evolutionary origin, indicating a common ancestor.