If Demand Is Perfectly Elastic, a Sales Tax Is Paid

question 140

Multiple Choice

If demand is perfectly elastic, a sales tax is paid by

• A) only the sellers.
• B) only the buyers.
• C) both the buyers and sellers.
• D) None of the above answers is correct.

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Definitions:

Active-voice Verbs

Verbs that depict the subject of a sentence as the doer of an action.

Business Writing

Business writing encompasses the professional communication of ideas, proposals, and information within a business context, employing a clear, concise, and formal style.

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