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:

Self-expression

The act of conveying one's thoughts, feelings, or ideas, especially through art, speech, or other creative means.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Sense of Who

The internal perception or awareness of oneself as a distinct individual with unique thoughts, feelings, and experiences.

Erikson

A psychologist known for his theory on the psychosocial stages of human development, emphasizing the impact of social experience across the lifespan.