If Demand Is More Elastic Than Supply Is, the

question 13

Multiple Choice

If demand is more elastic than supply is, the

• A)smaller the portion of the tax that will be paid by producers
• B)larger the portion of the tax that will be paid by consumers
• C)more likely it is that the tax will be spread equally between producers and consumers
• D)more likely it will be subject to tax evasion by those in the underground economy
• E)larger the portion of the tax that will be paid by producers

---

Definitions:

Treadle Valve

A treadle valve regulates air pressure in a pneumatic system, often found in heavy vehicles like trucks and buses, controlling braking force by the amount of pressure applied by the driver's foot.

Metered Out

In fluid dynamics and pneumatics, refers to the controlled release or distribution of a fluid at a measured rate from a system.

Primary Piston

The main piston in a hydraulic or pneumatic system that initiates movement or pressure in the system.

Service Oversize Dimension

A sizing specification for parts or components that are larger than standard dimensions, used during repair or rebuild to accommodate wear.