When a Tax Is Imposed on a Good for Which

question 50

Multiple Choice

When a tax is imposed on a good for which both demand and supply are very elastic,

• A)sellers effectively pay the majority of the tax.
• B)buyers effectively pay the majority of the tax.
• C)the tax burden is equally divided between buyers and sellers.
• D)None of the above is correct;further information would be required to determine how the burden of the tax is distributed between buyers and sellers.

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Definitions:

Liberal Feminism

A branch of feminism focused on achieving gender equality through political and legal reform within the current system.

Middle-class Women

Refers to females belonging to the middle socioeconomic class, often associated with moderate income, education level, and occupational status.

Radical Feminism

A perspective within feminism that calls for a radical restructuring of society to eliminate male supremacy and achieve gender equality.

Earnings Equal

The principle or goal of achieving income parity among workers, regardless of gender, ethnicity, or other potentially discriminatory factors.