Suppose the Demand Curve Is Perfectly Inelastic and the Supply

question 117

Multiple Choice

Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping.The price sellers receive after a specific tax is imposed on sellers

• A) is less than before the tax.
• B) is higher than before the tax.
• C) is unchanged.
• D) depends on the supply elasticity.

---

Definitions:

Silvery

Describes an object, substance, or color that resembles silver in appearance, often characterized by a shiny, metallic, and light grey hue.

Lesions

Any abnormal damage or change in the tissue of an organism, usually due to injury or disease.

Stratum Corneum

The most superficial layer of the epidermis of the skin.

Epidermis

The most external layer of the skin, responsible for creating the skin tone and serving as a waterproof barrier.