If a Tax Is Imposed on a Good with a Perfectly

question 46

Multiple Choice

If a tax is imposed on a good with a perfectly elastic supply,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:

Health Problems

Physical or mental conditions that affect an individual's well-being and ability to perform daily tasks.

Death of a Spouse

A significant life event involving the loss of one's partner, which can have profound emotional and psychological effects.

Preference for Solitude

Preference for solitude describes an individual's inclination or desire to be alone, finding satisfaction or peace in being away from social interactions.

Humanistic Approach

A psychological perspective which emphasizes an individual's inherent drive towards self-actualization and creativity, focusing on the whole person and the uniqueness of each individual.