If a Tax Is Imposed on a Good Where Both

question 159

Multiple Choice

If a tax is imposed on a good where both supply and demand are somewhat elastic,but supply is more elastic than 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.

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Definitions:

Molecular Formula

A notation that shows the type and quantity of atoms in a molecule but not the bonds or arrangement.

Ring Structures

Circular arrangements of atoms within molecules that are especially common in organic chemistry.

Atomic Orbitals

Mathematical functions describing the location and wave-like behavior of an electron in an atom, important in the understanding of chemical bonds and reactions.

Hybrid Atomic Orbitals

Orbitals formed by the combination of two or more standard atomic orbitals, leading to new orbitals that are optimal for the bonding in molecules.