When the Price of Laundry Detergent Is $10 Per Container,30

question 79

Multiple Choice

When the price of laundry detergent is $10 per container,30 container were purchased per day.Later,the government introduces a per unit tax.Sellers are required to pay the tax per container sold.This raises the price of detergent to $12 per container and reduces purchases to 20 container a day.The tax revenue to the government from this tax is $60 per day.The tax incidence on consumers is ________.

• A) 66.7 percent
• B) 50 percent
• C) 33.3 percent
• D) 27.5 percent

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Definitions:

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to be involved in understanding others' actions, imitation learning, and empathy.

Ethical Judgments

The process of evaluating the morality of actions or decisions, often based on societal norms, personal values, or ethical theories.

Visual Recognition Memory

The ability to remember and recognize previously seen objects or individuals.

Cognitive Assimilation

A process in Piaget's theory where individuals integrate new information into existing cognitive schemas or frameworks.