The Demand for Gasoline Is Highly Inelastic and the Supply

question 11

Multiple Choice

The demand for gasoline is highly inelastic and the supply is highly elastic. If a tax is imposed on gasoline, how will it be paid?

• A) largely by the sellers of gasoline
• B) solely by the sellers
• C) equally by the sellers and buyers of gasoline
• D) largely by the buyers of gasoline

---

Definitions:

Report

A presentation or summary of data extracted from a database, often formatted and structured in a specific way for analysis or decision making.

Blank Report

A report template in database software that contains no predefined formatting or data.

Form Design View

A development interface in database systems where users can create or modify the layout of forms for data entry and display.

Selection Box

A graphical user interface element that allows users to choose one or more options from a list.