Multiple Choice
When a tax is imposed on the suppliers of a good or service, then
A) in general, the producers pay all the tax.
B) in general, the consumers pay all the tax.
C) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes smaller.
D) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes larger.
Correct Answer:

Verified
Correct Answer:
Verified
Q86: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q87: The government wants to increase its tax
Q88: A sales tax is imposed on the
Q89: When a tax is imposed on sellers
Q90: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the table
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The market for
Q93: If the same fine is imposed on
Q94: If the elasticities of demand for alcohol,
Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure