The Figure Given Below Shows the Demand Curve in the U.S

question 111

Multiple Choice

The figure given below shows the demand curve in the U.S. and the cost curves in U.S. and India.Figure: 16.4
In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.MR: Marginal revenue curve in the U.S.
-The burden of a tax is mainly borne by the buyer if:

• A)the supply of the good is perfectly price elastic.
• B)the supply of the good is relatively price elastic.
• C)the demand for the good is relatively price elastic.
• D)the demand for the good is relatively price inelastic.
• E)the demand for the good is perfectly price elastic.

---

Definitions:

Humanism

A philosophical and ethical stance emphasizing the value and agency of human beings, individually and collectively.

Social Learning Theory

A theory that suggests people can learn new behaviors and attitudes through observation, imitation, and modeling from others.

Only Children

Individuals who have no siblings and are the single child of their parents, often discussed in the context of developmental and social dynamics.

Leadership

The ability or act of guiding or directing a group toward achieving a common goal.