If a Tax Is Imposed on a Good with a Perfectly

question 128

Multiple Choice

If a tax is imposed on a good with a perfectly inelastic demand,the burden of the tax will be borne

• A) by both consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.

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Definitions:

Multiple Sclerosis

A chronic autoimmune disease affecting the central nervous system, leading to various neurological symptoms.

Myelin

A fatty substance that forms a sheath around the axons of many neurons, increasing the speed at which electrical impulses propagate along the nerve cells.

Glial Cells

Non-neuronal cells in the central and peripheral nervous systems that provide support and protection for neurons.

Myelin Sheath

A fatty insulation that may surround the axon of a neuron.