The burden of a tax is shared by producers and consumers. under what conditions will consumers pay most of the tax? under what conditions will producers pay most of it? a. it depends on who is legally obligated to pay the tax. typically consumers are required to pay the tax and therefore bear most of the burden. b. if demand is relatively more elastic than supply, consumers will pay more of the tax. c. if demand is relatively less elastic than supply, consumers will pay more of the tax. d. it depends on who is legally obligated to pay the tax. typically producers are required to pay the tax and therefore bear most of the burden

The correct answer is option C.

Explanation:

Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.