If a Tax Is Imposed on a Good with a Perfectly

question 128

Multiple Choice

If a tax is imposed on a good with a perfectly inelastic demand,the burden of the tax will be borne

• A) by both 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.

---

Definitions:

Youngest Layer

the most recent geological layer, usually found at the top of a sequence in stratigraphy.

Oldest Layer

Pertains to the earliest or first-formed layer of sediment or rock in a sequence, indicating the earliest period of deposition.

Numbered Units

Quantitative values assigned to items or units in order to denote quantity, order, or position.

Youngest

This term relates to the latest or most recently developed strata or earth materials in geological studies.