Which of the Following Generalizations About the Burden of an Excise

question 14

Multiple Choice

Which of the following generalizations about the burden of an excise tax is correct?

• A) The more inelastic the supply of a product, the larger the portion of an excise tax will be paid by buyers.
• B) The more inelastic the demand for a product, the larger the portion of an excise tax will be paid by buyers.
• C) The more elastic the supply of a product, the smaller the portion of an excise tax will be paid by buyers.
• D) The burden of an excise tax on a product is independent of the elasticity of the supply and demand for the product on which the tax is levied.

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Definitions:

Any Number

A mathematical concept referring to any quantity or value, which can be whole, fractional, real, or complex.

Effect Size

A measure to quantify the difference between two groups in a study, providing insight into the importance of the findings.

Distributions Of Scores

Refers to the way in which scores or values are spread across different levels or categories in a dataset.

Homogeneity Of Variance

The assumption that multiple groups have equal variances on a tested variable, important for certain statistical tests.