Suppose the Market Supply Curve for Some Good Is Upward

question 134

Multiple Choice

Suppose the market supply curve for some good is upward sloping.If the imposition of an excise tax causes no change in the equilibrium quantity sold in the market,the good's demand curve must be ________,meaning that the burden of the tax has fallen completely on the ________.

• A)vertical; firms
• B)vertical; consumers
• C)horizontal; firms
• D)horizontal; consumers
• E)unit elastic; government

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an inability to maintain a healthy body weight, an intense fear of gaining weight, and a distorted body image.

Amok

A culturally bound syndrome often characterized by episodes of sudden mass assault against people or objects usually by a single individual following a period of brooding.

Panic Disorder

A psychiatric disorder marked by recurrent, unexpected panic attacks and persistent concern about having more attacks.

Obsessive-Compulsive Disorder

A mental health disorder characterized by repetitive, unwanted thoughts (obsessions) and irrational, excessive urges to do certain actions (compulsions).