The Imposition of an Excise Tax Will Cause the Least

question 34

Multiple Choice

The imposition of an excise tax will cause the least burden on consumers when demand is

• A)elastic.
• B)unit elastic.
• C)perfectly inelastic.
• D)perfectly elastic.
• E)vertical.

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Extremely Rare

A term used to describe something that occurs or exists very infrequently or in very few instances.

Sense of Humor

The ability to perceive, enjoy, or express what is amusing, comical, incongruous, or absurd.

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