If Demand Is Perfectly Inelastic and Supply Is Relatively Elastic

question 219

Multiple Choice

If demand is perfectly inelastic and supply is relatively elastic, the incidence of an excise tax

• A) falls primarily on producers.
• B) is shared evenly by consumers and producers.
• C) falls entirely on producers.
• D) falls entirely on consumers.

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Definitions:

Infectious Diseases

Diseases caused by pathogens (like bacteria, viruses, fungi, or parasites) that can be spread, directly or indirectly, from one individual to another.

Developmental Disorders

A group of psychiatric conditions originating in childhood that involve serious impairment in different areas such as speaking, walking, or interacting with others.

Sensorimotor Stage

The first stage of Piaget's theory of cognitive development, occurring from birth to about 2 years of age, where infants learn about the world through their sensory experiences and motor actions.

Substage

denotes a division or phase within a larger developmental stage or process, often characterized by specific milestones or achievements.