A $5 Per Unit Tax on a Good Is Borne

question 4

Multiple Choice

A $5 per unit tax on a good is borne by the buyer:

• A)if the demand is perfectly elastic.
• B)if it is a sales tax.
• C)if the supply is perfectly elastic.
• D)if it is an excise tax.

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Definitions:

Sociobiologists

Scientists who study the biological basis of social behavior across species, including humans, often focusing on how evolutionary processes shape social behaviors.

Propagation of Genes

The process by which genes are transferred from one generation to the next, ensuring the survival and variation of traits within a population.

Close Relatives

Family members who are closely related by blood, such as parents, siblings, and children.

Genetic Variations

Differences in DNA sequences among individuals, which contribute to the biological diversity and heritable traits within a population.