If a Tax Is Imposed on a Good with Equally

question 54

Multiple Choice

If a tax is imposed on a good with equally elastic supply and demand,the burden of the tax will be borne

• A) by consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.

---

Definitions:

Generic Pronoun

A pronoun that is used to refer nonspecifically to any member of a class of people or objects.

Trigger Images

Visual content that evokes a strong emotional reaction or recalls specific memories for an individual.

Babbling

An early stage in child language acquisition where infants produce sounds or syllables repeatedly, which is crucial for the development of later language skills.

Adult Speech

Adult speech refers to the way speech is modified when talking to adults, characterized by the use of complex structures and a wide vocabulary, contrasting with speech directed to children.