If the Government Levies an Excise Tax in a Market

question 225

Multiple Choice

If the government levies an excise tax in a market whose demand curve is perfectly inelastic,the burden of the tax will fall completely on the _____,and the deadweight loss will equal _____.

• A)consumers;zero
• B)producers;zero
• C)consumers;the tax revenue
• D)producers;the tax revenue

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Definitions:

Cultural Change Management

Strategies and practices aimed at shifting an organization's culture to align with new objectives, improve performance, or adapt to market changes.

Diversity Benefits

The advantages gained from incorporating a wide range of cultural, ethnic, gender, and other distinct characteristics into a group or organization.

Organisation

A structured group of people working together towards common goals, often within an established framework of roles and responsibilities.

Diversity-Mature

An organizational state or condition where diversity is fully integrated, embraced, and leveraged for competitive advantage, indicating a high level of maturity in managing and valuing diversity.