Suppose That a Tax Is Placed on Books

question 97

Multiple Choice

Suppose that a tax is placed on books.If the sellers pay the majority of the tax,then we know that the

• A)demand is more inelastic than the supply.
• B)supply is more inelastic than the demand.
• C)government has required that buyers remit the tax payments.
• D)government has required that sellers remit the tax payments.

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Definitions:

Osmotic Diuretics

Substances that increase urine output by attracting and retaining water in the renal tubules.

ADH Inhibitors

Substances that reduce the effect or production of antidiuretic hormone, leading to increased urine output.

Plasma Clearance

The volume of plasma from which a substance is completely removed per unit time, indicating the efficiency of elimination by the kidneys or other body systems.

Inulin

A type of soluble fiber found in various plants, used as a dietary fiber and sometimes for testing kidney function.