Suppose That a Tax Is Placed on Books

question 44

Multiple Choice

Suppose that a tax is placed on books. If the buyers pay the majority of the tax, then we know that the

• A)demand is more inelastic than the supply.
• B)supply is more inelastic than the demand.
• C)government has required that buyers remit the tax payments.
• D)government has required that sellers remit the tax payments.

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Definitions:

Good Practice

A conventional method or technique that is considered effective and beneficial in a certain context, often based on experience rather than formal rules.

Java Console Application

A Java program that runs in a text-based console environment, typically executing tasks and returning text output.

Displays Result

Refers to the action of showing the output or outcome of a program's execution to the user.

DecimalFormat Class

A class in Java that provides the ability to format decimal numbers into strings with a specific pattern, being part of the java.text package.