Which of the Following Statements Is TRUE

question 90

Multiple Choice

Which of the following statements is TRUE?

• A) When demand is elastic, buyers pay little of the tax because buyers can choose from many substitutes.
• B) When demand is elastic, sellers pay little of the tax because buyers can choose from many substitutes.
• C) A perfectly inelastic supply curve means that sellers will pay none of the tax.
• D) A perfectly inelastic demand curve means that buyers will pay none of the tax.

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Definitions:

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Deceptive practices and scams perpetrated online, aiming to defraud victims through means like phishing, identity theft, and financial exploitation.

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The fraudulent acquisition and use of someone's private identifying information, usually for financial gain.

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Independent business with fewer than 500 employees, not dominant in its market.