If the Demand for Apples Is Highly Elastic and the Supply

question 86

Multiple Choice

If the demand for apples is highly elastic and the supply is highly inelastic, then a tax imposed on apples will be paid:

• A)largely by the sellers of apples with more elastic supply.
• B)largely by the buyers of apples with more elastic demand.
• C)equally by the sellers and buyers of apples.
• D)largely by the sellers of apples with less elastic supply.
• E)largely by the buyers of apples with unit elastic demand.

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Definitions:

Progressive Muscle Relaxation

A relaxation technique that involves tensing and then slowly relaxing various muscle groups throughout the body to reduce stress and anxiety.

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A person or tool that effectively organizes and plans how to divide time between specific activities to maximize productivity and efficiency.

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