If a Tax Is Placed on Suppliers of a Good,then

question 201

Multiple Choice

If a tax is placed on suppliers of a good,then the incidence of the tax

• A) falls more on the sellers if demand is elastic.
• B) falls more on the sellers if demand is inelastic.
• C) is usually split equally between the buyers and the sellers.
• D) usually falls more on the sellers than the buyers.
• E) usually falls more on the buyers than the sellers.

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Definitions:

Authoritative

A leadership or parenting style characterized by high demand and high responsiveness, where authority is exercised with care and concern.

Permissive

A parenting or managerial style characterized by low demands with high responsiveness, where parents or leaders are indulgent and lenient, often resulting in minimal rules.

High-SES

Referring to individuals or groups with a high socioeconomic status, characterized by a high level of income, education, and occupation prestige.

Low-SES

Referring to low socioeconomic status, which encompasses individuals or groups with limited income, education, and occupational prestige.