When a Tax Is Placed on Sellers

question 123

Multiple Choice

When a tax is placed on sellers:

• A) sellers always bear a higher incidence than buyers.
• B) buyers always bear a higher incidence than sellers.
• C) the effect on the price buyers pay and sellers receive is the same as a tax on buyers.
• D) None of these is true.

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Definitions:

Splinting Cough

A cough that occurs when an individual instinctively supports a section of their body during coughing to minimize pain, often seen in rib fractures or abdominal surgery patients.

Subliminal Perception

The detection of information below the level of conscious awareness.

Conscious Awareness

The state of being cognizant of and capable of recognizing one's own existence, sensations, thoughts, surroundings, etc.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.