Which of the Following Statements Is Correct

question 1

Multiple Choice

Which of the following statements is correct?

• A)A tax levied on buyers will never be partially paid by sellers.
• B)Who bears the burden of a tax depends on the price elasticities of supply and demand.
• C)Government can decide who ultimately pays a tax.
• D)A tax levied on sellers always will be passed on completely to buyers.

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Definitions:

Independent Variable

A variable in an experiment or analysis that is manipulated or categorized to observe its effect on a dependent variable.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations of the independent variable.

Hydroxide ions

Negatively charged ions made up of one oxygen and one hydrogen atom, symbolized as OH-.

Alkaline Solution

A solution with a pH value greater than 7, indicating it has fewer hydrogen ions than pure water and is commonly referred to as basic.