Which of the Following Statements Is Correct

question 52

Multiple Choice

Which of the following statements is correct?

• A)A tax levied on buyers will never be partially paid by sellers.
• B)Who actually pays a tax depends on the price elasticities of supply and demand.
• C)Government can decide who actually pays a tax.
• D)A tax levied on sellers always will be passed on completely to buyers.

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Definitions:

Teeth-Grinding

The clenching or grinding of teeth, often unconsciously, which can lead to dental damage and other health issues.

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A wide range of conditions affecting the heart, including coronary artery disease, arrhythmias, heart failure, and valvular heart disease.

Liver Failure

A severe medical condition in which the liver is unable to perform its vital functions, potentially due to various causes such as disease, infection, or alcohol abuse.

Ecstasy

A psychoactive drug known chemically as MDMA, which acts as a stimulant and hallucinogen, often used recreationally for its euphoric effects.