If the Government Wants to Raise Tax Revenue and Shift

question 65

Multiple Choice

If the government wants to raise tax revenue and shift most of the tax burden to the sellers it would impose a tax on a good with:

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

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Definitions:

Series Path

A series path refers to an electrical circuit configuration where components are arranged in a sequence, one after another, allowing current to flow through one component to the next.

Parallel Path

A concept in electronics and computing where multiple pathways allow for concurrent processing or transmission of signals or data, enhancing speed and efficiency.

Input Instructions

In a programming context, these are commands or codes used to specify the type of data being introduced into a system or to control how an input device should provide data.

Input Modules

Input Modules are devices or circuits that accept data or signals from user interfaces or sensors to be processed by a control system.