Suppose the Supply Curve and the Demand Curve Both Have

question 201

Multiple Choice

Suppose the supply curve and the demand curve both have unitary elasticity at all prices.The price increase to consumers resulting from a specific tax of $1 imposed on sellers will be

• A)$1.
• B)50 cents.
• C)zero.
• D)Impossible to calculate without knowing the slope of the supply curve.

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Definitions:

Coughing

A sudden, forceful expulsion of air from the lungs, often a reflex to clear the airways of irritants or mucus.

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The highest heart rate an individual can achieve during maximal exercise, used to guide workout intensity.

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The number of heartbeats per minute when a person is at rest, indicating cardiovascular fitness.

ATP

ATP, short for adenosine triphosphate, functions as the cellular energy courier, vital for metabolic activities.