Suppose That a Tax Is Placed on a Particular Good

question 161

Multiple Choice

Suppose that a tax is placed on a particular good. If the buyers end up bearing most of the tax burden, this indicates that the

• A) demand is more inelastic than the supply.
• B) supply is more inelastic than the demand.
• C) government has required that buyers remit the tax payments.
• D) government has required that buyers remit the tax payments

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Definitions:

Minor Control

A lesser degree of regulation or command over a situation or process.

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A psychologist known for her work on the illusion of control, aging, and mindfulness.

Judith Rodin

An influential psychologist and the first female president of an Ivy League university, notable for her research in health psychology.

Emotion-Focused Coping

Coping strategies oriented toward managing the emotions that accompany the perception of stress.