Neither the Demand nor the Supply of Automobiles Is Perfectly

question 238

Multiple Choice

Neither the demand nor the supply of automobiles is perfectly elastic or inelastic.If the government imposes a $1,000 tax on automobiles,then the price of an automobile buyers pay

• A) increases by $1,000.
• B) increases by less than $1,000.
• C) increases by more than $1,000.
• D) decreases by $1,000.
• E) does not change.

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Deviant

Behavior or actions that deviate from the societal norms or expectations, often considered unacceptable or aberrant.

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