If a Tax Is Imposed on a Good Where Both

question 40

Multiple Choice

If a tax is imposed on a good where both supply and demand are somewhat elastic,but demand is more elastic than supply,the burden of the tax will be borne

• A) by consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.

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Definitions:

Endomorph

A body type characterized by a predominance of body fat, a soft and round physique, and difficulty losing weight.

Ectomorph

A somatotype characterized by a predominance of linearity and fragility, with a body composed of light bone structure and little body fat or muscle.

Mesomorph

A body type characterized by a muscular build, well-defined muscles, and a high metabolism.

Transverse

Referring to a direction or plane that divides the body into upper and lower parts.