If Supply Is More Elastic Than Demand Is, the

question 4

Multiple Choice

If supply is more elastic than demand is, the

• A)less the impact it will have on the consumers before tax income
• B)more likely it is to lead to tax avoidance
• C)less likely it will have any impact on market transactions
• D)more the tax will fall on consumers
• E)more the tax will fall on producers

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Definitions:

Tibial

Relating to the tibia, which is the more substantial and robust of the pair of bones found in the lower leg.

Cephalic

Directional term meaning toward the head.

Jugular

Relating to the jugular veins, which carry blood from the head back to the heart.

Brachial

Pertaining to the arm, specifically the area from the shoulder to the elbow.