If a Government Wants to Maximize Revenues from a Tax,it

question 31

Multiple Choice

If a government wants to maximize revenues from a tax,it should

• A) impose it on sellers.
• B) impose it on consumers.
• C) choose a good with a relatively elastic demand.
• D) choose a good with a relatively inelastic demand.

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Definitions:

Abrasion-Resistant

Refers to materials or surfaces that are designed to withstand wear, scraping, or rubbing that may cause erosion.

Keratin

A type of protein found in skin, hair, and nails, making them strong and resistant to damage.

Excess UV Light

Ultraviolet light that surpasses safe levels, potentially leading to damage such as skin burns, eye injury, or increased risk of skin cancer.

Folate

A B-vitamin that is essential for DNA synthesis and repair, playing a crucial role in cell division and growth.