Suppose the Demand Curve for a Good Is Very Flat

question 50

Multiple Choice

Suppose the demand curve for a good is very flat and the supply curve for the good is very steep.If the government taxes this good,

• A)buyers and sellers will each share 50 percent of the burden, regardless of the slopes of the demand and supply curves.
• B)sellers will bear a larger share of the tax burden and buyers will bear a smaller share of the burden.
• C)the distribution of the burden will depend upon whether the buyers or the sellers are required to send the tax to the government.
• D)the amount of tax revenue collected by the government will depend upon whether the buyers or the sellers are required to send the tax to the government.

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Definitions:

Movement Discipline

A field of study or practice focusing on the control and mastery of body movements, often within the context of sports, dance, or martial arts.

Chinese

Referring to anything related to China, including its language, culture, or people.

Flexibility

The ability of joints to move through their full range of motion and the elasticity of muscles and connective tissues.

Sense of Balance

The ability to maintain the body's center of gravity within its base of support, crucial for movement and coordination.