If a $10 Sales Tax Is Imposed on a Good

question 159

Multiple Choice

If a $10 sales tax is imposed on a good and the equilibrium price increases by $10,the tax is

• A) split between buyers and sellers but not evenly.
• B) paid fully by sellers.
• C) paid fully by buyers.
• D) split evenly between buyers and sellers.
• E) perhaps split between buyers and sellers but it is impossible to determine the incidence without further information.

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Definitions:

Blood Ph

A measure of the acidity or alkalinity of the blood, typically maintaining around 7.35 to 7.45, making it slightly basic.

Hydrogen Ions

Positively charged ions (H+) that form when a hydrogen atom loses its electron, crucial in acid-base chemistry.

Muscle Cramps

Involuntary and sudden contractions of a muscle or muscles, often causing pain and discomfort.

Lactate Ion

A negatively charged ion (anion) formed from lactic acid, playing a significant role in metabolic processes, especially in muscle cells during strenuous exercise.