Suppose the Demand Curve for a Product Is Downward Sloping

question 58

Multiple Choice

Suppose the demand curve for a product is downward sloping and the supply curve is upward sloping.If a unit tax is imposed in the market for this product

• A)sellers bear the entire burden of the tax.
• B)the tax burden will be shared among the government,buyers and sellers.
• C)buyers bear the entire burden of the tax.
• D)the tax burden will be shared by buyers and sellers.

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Definitions:

Sleep Apnoea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep.

Somnambulism

A sleep disorder in which people walk or perform other activities while they are still asleep; commonly known as sleepwalking.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep, leading to daytime impairment.

Pseudoinsomnia

A condition where individuals believe they have slept less than they actually have, often perceiving their sleep as insufficient or unrefreshing.