If the demand for good is less elastic and government levied a tax per unit of output, the price per unit for the firm would:

A. Rise by the amount of the tax

B. Rise by more than the amount of the tax

C. Rise by less than the amount of the tax

D. Remain the same

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. When sales tax is imposed on monopolist, its:
  2. Under the perfect competition, the transportation cost:
  3. Capital and Development Planning is the work of:
  4. In case of monopoly, when total revenue is maximum:
  5. In which case the elasticity shown by the different points of a curve is the same?
  6. The firms in non-cooperative games:
  7. Utility is:
  8. One common definition of a luxury good is a good with income elasticity:
  9. Market allocation fundamentally relies upon:
  10. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  11. In the long-run competitive equilibrium, the theory predicts that:
  12. Demand is consumers:
  13. The Lambda or Langrange Multiplier is a:
  14. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  15. The costs faced by the firm against fixed factors are:
  16. Identify the author of The Affluent Society?
  17. According to current thinking, the law of diminishing returns applies to:
  18. Which industries spend a relatively large share of their revenue on research and development in order…
  19. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  20. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  21. Demand for a commodity is elastic when it has
  22. Monopolistic firm can fix:
  23. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  24. The engineering production function and engineering costs curves are concerned with the:
  25. Economics is a:
  26. If the price of Pepsi Cola goes down, you would predict:
  27. In case of complementary factors, the isoquants are:
  28. Any straight line supply which cuts the x-axis will have:
  29. The cost of one thing in terms of the alternative given up is known as:
  30. Marginal cost curve cuts the average cost curve: