If a Commodity Has A(n)_____,a Greater Share of the Burden

question 55

Multiple Choice

If a commodity has a(n) _____,a greater share of the burden of an excise tax levied on the commodity would be borne by the consumers.

• A)perfectly elastic demand curve and an elastic supply curve
• B)perfectly elastic demand curve and perfectly inelastic supply curve
• C)relatively inelastic supply curve
• D)perfectly inelastic demand curve

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Definitions:

Pinocytosis

Process by which vesicle formation brings macromolecules into the cell.

Exocytosis

Process in which an intracellular vesicle fuses with the plasma membrane so that the vesicle’s contents are released outside the cell.

Endocytosis

Process by which substances are moved into the cell from the environment; includes phagocytosis, pinocytosis, and receptor-mediated endocytosis.

Diffusion

The passive movement of particles from an area of high concentration to an area of low concentration.