Which of the Following Is TRUE About the Effects of an Excise

question 149

Multiple Choice

Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?

• A) Consumers pay all of the excise tax.
• B) Producers pay all of the excise tax.
• C) Consumers and producers share the excise tax equally.
• D) Neither consumers nor producers pay the excise tax.

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Definitions:

Primary Aging

The gradual, inevitable process of physical decline that occurs throughout life, regardless of health practices.

Functional

Designed to be practical and useful, rather than solely attractive.

Secondary

Refers to the second level or stage in a series or a process, often used in education to describe schools for students aged approximately 11 to 18.

Life Expectancy

The average period that an individual is expected to live, often calculated from birth, based on a number of factors including historical data, current age, and health status.