If the Demand for Apples Is Highly Elastic and the Supply

question 206

Multiple Choice

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

• A)​largely by the sellers of apples.
• B)​largely by the buyers of apples.
• C)​equally by the sellers and buyers of apples.
• D)​by the government.

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Definitions:

Intercostal Veins

Veins located between the ribs that drain blood from the chest wall and muscles back to the heart.

Intercostal Muscles

Muscles located between the ribs that assist with the breathing process by expanding and contracting the chest cavity.

Azygous Vein

A vein running up the right side of the thoracic vertebral column that drains blood from the chest wall and upper limbs back to the heart.

Subscapular

Pertaining to beneath the scapula or shoulder blade, often referring to muscles or vessels in that area.