Suppose That the Government Imposes an Excise Tax on Widgets

question 93

Multiple Choice

Suppose that the government imposes an excise tax on widgets.The portion of the tax borne by the buyer of widgets depends upon

• A)elasticity of demand.
• B)income of buyers.
• C)size of the tax that is imposed.
• D)cross elasticity of demand between widgets and floogles.

---

Definitions:

Assessment Procedure

Methods and techniques used to evaluate the skills, abilities, attitudes, or characteristics of individuals or groups.

Operationalize

The process of defining how a concept or variable will be measured and assessed in a specific research context.

Construct

An abstract concept or idea that is chosen for study, usually representing phenomena that are not directly observable.

Variance

A statistical measure that indicates the spread of a dataset or the distribution of data points.