Suppose the Demand for Peaches from South Carolina Is Perfectly

question 76

Multiple Choice

Suppose the demand for peaches from South Carolina is perfectly elastic.If the supply curve is upward sloping and a tax is imposed on peaches from South Carolina,then

• A) peach sellers pay all of the tax.
• B) peach buyers pay all of the tax.
• C) peach buyers and sellers evenly split the tax.
• D) the government does not collect any revenue from the tax.
• E) the tax does not change the equilibrium quantity of peaches.

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Definitions:

Pain Medication

Drugs or substances used to alleviate discomfort and pain.

Granulation Tissue

New connective tissue and microscopic blood vessels that form on the surfaces of a wound during the healing process.

Perineal Skin

Skin in the perineal area, between the anus and the vulva in females and the anus and scrotum in males, sensitive to irritation and injury.

Maceration

The softening and breaking down of skin resulting from prolonged exposure to moisture.