Which of the Following Statements Is Correct Regarding the Imposition

question 23

Multiple Choice

Which of the following statements is correct regarding the imposition of a tax on gasoline?

• A)The incidence of the tax depends upon whether the buyers or the sellers are required to remit tax payments to the government.
• B)The incidence of the tax depends upon the price elasticities of demand and supply.
• C)The amount of tax revenue raised by the tax depends upon whether the buyers or the sellers are required to remit tax payments to the government.
• D)The amount of tax revenue raised by the tax does not depend upon the amount of the tax per unit.

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Definitions:

Bring Forward

A command in graphic software to move objects towards the top layer, making them more visible over others in the layout.

Layers

In graphic design and digital imaging, separate levels on which different elements can be placed or edited independently.

Solid Color

A fill or background style that uses a single, uniform color.

Picture

A visual representation or image captured through photography, drawing, painting, or other artistic means.