Use the Figure Below to Answer the Following Question(s)

question 85

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-7
-Refer to Figure 4-7. Which of the following is true for the tax illustrated?

• A) The tax increases the price of gasoline by $.60.
• B) Since the demand for gasoline is more inelastic than the supply, consumers bear most of the burden of the tax.
• C) Since the demand for gasoline is more elastic than the supply, consumers bear most of the burden of the tax.
• D) Since the supply of gasoline is highly inelastic, the primary burden of the tax is imposed on the suppliers of gasoline.

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Definitions:

Self-Blaming Attributions

The tendency to attribute personal failures or negative events to one's own deficiencies or actions.

Bipolar Disorder

A psychological ailment characterized by intense variations in mood, alternating between high phases of mania or hypomania and low phases of depression.

Depression

A mental disorder that involves a persistent feeling of sadness or a lack of interest in life's activities, majorly interrupting ordinary daily routines.

Psychotic Disorder

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