A Tax Is Levied on Products a and B, Both

question 283

Multiple Choice

A tax is levied on products A and B, both of which have the same price elasticity of supply. The demand for A is more inelastic than is the demand for B. Other things constant, how will this affect the incidence of an excise tax on these products?

• A) Producers will bear a smaller share (and consumers a larger share) of the tax burden on A than B.
• B) Consumers will bear a smaller share (and producers a larger share) of the tax burden on A than B.
• C) The deadweight loss (or excess burden) will be larger for good A than B.
• D) All of the above are true.

Explain the role of social learning in gender development.

Evaluate factors contributing to the recent decrease in teenage pregnancies.

Discuss motivations and implications of choosing singlehood.

Understand the biological, psychoanalytic, social learning, and cognitive approaches to gender development and apply them to practical examples.

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