If the Demand Curve for a Good Is Horizontal,a Tax

question 188

Multiple Choice

If the demand curve for a good is horizontal,a tax is levied on this product is

• A) split between the buyers and the sellers but not evenly so that either the buyer or the seller pays more.
• B) split evenly between the buyers and the sellers.
• C) paid entirely by buyers.
• D) paid entirely by sellers.
• E) not paid by either the buyers or the sellers.

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Definitions:

Fungi

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Evolution

The change in the genetic composition of a population over successive generations, often leading to the development of new species.

Gene Pool

All the alleles of all the genes present in a freely interbreeding population.

Populations

A group of individuals of the same species living and interacting in a particular geographic area.