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:

Ions

Atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Solution

A homogeneous mixture composed of two or more substances, where the solute is dissolved in the solvent.

Adrenal Cortex

The outer layer of the adrenal glands that produces steroid hormones such as cortisol and aldosterone, which regulate metabolism and blood pressure.

Hormones

Chemical messengers produced by the endocrine glands in the body, transported in the bloodstream to target organs to regulate physiology and behavior.