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:

Service Recovery

The actions a company takes after a service failure to correct the mistake and satisfy the customer.

Online Clothing Store

A website or platform that sells apparel and accessories to consumers through the internet.

Blue Shirt

Often associated with the uniform of retail employees in certain stores, symbolizing approachability and assistance.

Service Quality Standards

Benchmarks established to ensure services meet customer expectations and requirements, fostering customer satisfaction and loyalty.