true or false no need to explain

1 Taxes on alcohol, tobacco and gasoline have little effect on consumers of these products because the demand for these products is perfectly elastic. 2Saving is consumption deferred into the future.

3Saving would not depend on income, interest rates or life cycle. 4We are willing to pay more for diamond, which is not essential to life, than for water, which is more essential to life, because we attribute a lower Um to diamond than to water. 5If the price elasticity of demand is zero and supply is elastic, sellers would bear the full weight or burden of the tax. 6The tax would reduce SC and SP while the quota, under supply management, would reduce SC and increase SP.

7A tax whose goal is to change producer behavior would reduce the Supply, TCEEA. 8In business management, the concepts of Um and consumer equilibrium would be used primarily to profile consumers in order to better manage inventories and pricing strategy and to better guide consumer choices 9If consumers place a very low Um on a product, they will demand less of that product, therefore, the price of that product would decrease.