If a Tax Is Imposed on a Good with a Perfectly

question 33

Multiple Choice

If a tax is imposed on a good with a perfectly inelastic supply,the burden of the tax will be borne

• A) by both 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:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Grapevine

An informal channel of communication within an organization, often characterized by the spread of rumors or unofficial information.

News Accounts

Reports or descriptions of recent events or facts, presented in newspapers, broadcasts, or online media.

Positive Impact

An effect or outcome that is beneficial or contributes positively to a situation or individual.