-Refer to the Information Above to Answer This Question

question 36

Multiple Choice

-Refer to the information above to answer this question.If the government imposes a $2 per unit sales tax on this product,how much of that tax will consumers pay and how much will sellers pay?

• A)Consumers will pay all $2 of the tax.
• B)Consumers will pay $1.50 and sellers $.50.
• C)Consumers and sellers will each pay $1.
• D)Consumers will pay $.50 and seller $1.50.
• E)Sellers will pay all $2 of the tax.

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Definitions:

Make Decisions

The process of selecting among various options or courses of action based on given criteria or conditions.

Action

The process or act of doing something towards achieving an objective or solving a problem.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over others due to their satisfaction, trust, or preference.

Relationship Marketing

A strategy designed to foster customer loyalty, interaction, and long-term engagement by offering value beyond the product itself.