If the Demand for a Good Is Perfectly Inelastic,then a Tax

question 38

Multiple Choice

If the demand for a good is perfectly inelastic,then a tax on the good will be paid

• A)completely by the buyers.
• B)completely by the sellers.
• C)equally by the buyers and sellers.
• D)mostly but not completely by the buyers.
• E)mostly but not completely by the sellers.

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Definitions:

dfWG

Degrees of freedom within groups, a term used in statistical analysis, particularly ANOVA, to indicate the number of independent pieces of information available to estimate variances within the groups.

Degrees of Freedom

A concept in statistics that refers to the number of values in a calculation that are free to vary without violating the constraints of the calculation.

Levels Minus One

In analysis of variance (ANOVA), it refers to the number of levels in a factor minus one, which dictates the number of comparisons that can be made.

Interaction Effect

Occurs in an analysis when the effect of one independent variable on a dependent variable differs across levels of another independent variable.