If a Tax Is Imposed on a Good with a Perfectly

question 46

Multiple Choice

If a tax is imposed on a good with a perfectly elastic supply,the burden of the tax will be borne

• A) by both consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.

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Definitions:

Supervisors

Individuals in an organization responsible for overseeing and guiding the work and performance of employees or a team.

Divisionalized Structures

Refers to an organizational framework where operations are segregated based on divisions, each focusing on a specific product line or market sector.

Geographically Based

Pertaining to, or determined by, geographic locations or areas, often used in contexts relating to distribution or organization by place.

Client-Based

A focus on understanding and meeting the specific needs of clients or customers.