When a Good with Equally Elastic Demand and Supply Is

question 165

Multiple Choice

When a good with equally elastic demand and supply is taxed,the incidence of the tax is borne

• A) entirely by consumers.
• B) entirely by producers.
• C) by both consumers and producers.
• D) mostly by consumers.
• E) mostly by producers.

---

Definitions:

Myocardial Infarction

Necrosis of a portion of cardiac muscle caused by obstruction in a coronary artery.

Coronary Artery

An artery that supplies blood to the heart muscle itself, vital for heart function and health.

Ischemia

Decreased blood supply to a body part such as skin tissue or to an organ such as the heart.

Pulse Oximetry

A noninvasive method used to measure the oxygen saturation level of the blood.