-If a Unit Excise Tax Is Placed on a Good

question 65

Multiple Choice

-If a unit excise tax is placed on a good for which the demand is very unresponsive to a price change, then

• A) the government generally pays the majority of the tax.
• B) the consumers generally pay the majority of the tax.
• C) the producers generally pay the majority of the tax.
• D) producers and consumers pay equal portions of the tax.

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Definitions:

Terman's Development

Pertains to the longitudinal study directed by psychologist Lewis Terman, focusing on the development and characteristics of gifted individuals throughout their lives.

Reliable

A term describing the consistency and dependability of a measurement, process, or entity.

Same Score

The condition of achieving identical numerical results in a test, game, evaluation, or assessment.

Stanford University

A prestigious private research university located in Stanford, California, known for its academic strength, wealth, proximity to Silicon Valley, and ranking as one of the world's top universities.