Suppose the Market Supply Curve for Some Good Is Upward

question 40

Multiple Choice

Suppose the market supply curve for some good is upward sloping. If the imposition of an excise tax causes no change in the equilibrium quantity sold in the market, the good's demand curve must be , meaning that the burden of the tax has fallen completely on the .

• A) unit elastic; government
• B) vertical; firms
• C) horizontal; consumers
• D) horizontal; firms
• E) vertical; consumers

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The distinct characteristics and qualities that make each person different from others.

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