Using Supply and Demand Analysis, Which of the Following Is

question 70

Multiple Choice

Using supply and demand analysis, which of the following is true ?

• A) The burden of a tax on production cannot be determined on the basis of who actually pays the tax.
• B) The burden of a tax on production is always split evenly between consumers and sellers.
• C) Consumers bear the entire burden of a per unit tax on production.
• D) Sellers bear the entire burden of a per unit tax on production.

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Definitions:

Variables

Elements, characteristics, or attributes that can vary or change, often used in research to measure and analyze differences.

Demographers

Are socialscientific analysts of human population.

Louis Wirth

An influential American sociologist who focused on urban life and the social structures within cities.

Social Intimacy

the closeness and trust developed through personal and emotional interactions within social relationships.