The Incidence of a Tax Depends On

question 26

Multiple Choice

The incidence of a tax depends on:

• A) the relative elasticity of the supply and demand curves in a market.
• B) whether it is imposed on buyers or sellers.
• C) the amount of revenue it generates once administrative burdens are taken into account.
• D) whether the revenue it generates is greater than the deadweight loss it causes.

---

Definitions:

American Hospital Formulary

A comprehensive listing of medications and related information used by hospitals, aimed at promoting effective and safe use of drugs.

Classification Of Drugs

The classification of drugs involves organizing them into categories based on their mode of action, chemical structure, or therapeutic and pharmacological effects.

HCPCS Level II

Healthcare Common Procedure Coding System Level II, a standardized coding system used for billing a wide range of services and supplies not covered by the traditional CPT codes.

Temporary Codes

Codes assigned for a limited period or for specific situations that do not have permanent classification codes.