If Elasticity of Demand Is 0

question 19

Multiple Choice

If elasticity of demand is 0.7, elasticity of supply is 0.7, and a 5 percent excise tax is levied on the good:

• A) consumers pay 5 percent of the tax.
• B) sellers pay 5 percent of the tax.
• C) consumers pay 50 percent of the tax.
• D) sellers pay 100 percent of the tax.

---

Definitions:

Wound Care Management

The provision of appropriate interventions and treatments to promote the healing of wounds and prevent infection or complications.

Urinary Output

The amount of urine produced and excreted by the kidneys over a specific period, indicating kidney function and fluid balance.

Diuretics

Medications designed to increase the amount of water and salt expelled from the body as urine, commonly used to treat high blood pressure and heart failure.

Nursing Care Plan

A customized document outlining the needs of a patient and the specific nursing interventions to meet those needs, facilitating coordinated and effective care.