If Elasticity of Demand Is 0

question 26

Multiple Choice

If elasticity of demand is 0.2, elasticity of supply is 0.6, and a 10 percent excise tax is levied on the good:

• A) consumers pay 25 percent of the tax.
• B) sellers pay 25 percent of the tax.
• C) consumers pay 20 percent of the tax.
• D) sellers pay 60 percent of the tax.

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Definitions:

Gender Differences

Variations in the roles, behaviors, activities, expectations, and opportunities associated with being male or female in a given society.

Power

The ability or capacity to direct or influence the behavior of others or the course of events, often linked to positions of authority or control.

Quid Pro Quo Sexual Harassment

A form of sexual harassment where job benefits are conditioned on sexual favors, or employment decisions are based on an employee's submission to or rejection of such behavior.

Flatters And Flirts

Individuals or behaviors that express insincere praise or attraction to gain favor or attention.