Use the Figure Below to Answer the Following Question(s)

question 85

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-7
-Refer to Figure 4-7. Which of the following is true for the tax illustrated?

• A) The tax increases the price of gasoline by $.60.
• B) Since the demand for gasoline is more inelastic than the supply, consumers bear most of the burden of the tax.
• C) Since the demand for gasoline is more elastic than the supply, consumers bear most of the burden of the tax.
• D) Since the supply of gasoline is highly inelastic, the primary burden of the tax is imposed on the suppliers of gasoline.

---

Definitions:

Society Consider

Society considers involves the process by which cultural, moral, ethical, and value-based judgments and norms are made by the collective consensus within a community or society.

Unequally

In a manner that is not equal or uniform, often resulting in disparities or imbalances in treatment, opportunities, or conditions.

Unfairly

In a manner that is unjust or prejudiced, not giving equal treatment or opportunity.

Undocumented Immigrants

Persons living in a country without official authorization or paperwork, often seeking better living conditions or fleeing from hardship.