If the Market Supply Curve Is Perfectly Elastic and an Excise

question 63

Multiple Choice

If the market supply curve is perfectly elastic and an excise tax is imposed,

• A)all of the tax is paid by buyers
• B)all of the tax is paid by sellers
• C)the tax burden is divided equally between buyers and sellers
• D)the market price will not change
• E)the market price will fall by the amount of the tax

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Definitions:

Restructuring

A therapeutic technique that involves changing the patterns of thought, behavior, or emotional response that contribute to a person's distress.

Homeostasis

Homeostasis is the process by which biological systems maintain stability and equilibrium within their internal environment despite external changes.

Minuchin

Salvador Minuchin, a pivotal figure in the development of family therapy, known for his work on structural family therapy.

Structural Therapist

A mental health professional specialized in structural family therapy, working to identify and alter dysfunctional family structures and dynamics.