Suppose a Tax of $1 Per Unit Is Imposed on a Good.The

question 9

Multiple Choice

Suppose a tax of $1 per unit is imposed on a good.The more elastic the supply of the good,other things equal,the

• A)smaller is the response of quantity supplied to the tax.
• B)larger is the tax burden on sellers relative to the tax burden on buyers.
• C)larger is the deadweight loss of the tax.
• D)All of the above are correct.

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Definitions:

Feelings

are emotional states or reactions that are subjectively experienced by individuals, often in response to stimuli or thoughts, and can vary in intensity and type.

Interest

A state of curiosity or concern about or attention to something.

Excitement

A state of heightened energy and enthusiasm, often accompanied by physiological responses such as increased heart rate.

Immediacy

Feelings of liking, pleasure, and closeness communicated by such nonverbal cues as increased eye contact, forward lean, touch, and open body orientation.