Where Es Is the Elasticity of Supply and Ed Is

question 6

Multiple Choice

Where Es is the elasticity of supply and Ed is the own price elasticity of demand, the fraction of the tax passed on to consumers in the form of higher prices is:

• A) Es/(Es-Ed).
• B) Ed/(Es-Ed).
• C) Es/(Ed-Es).
• D) Ed/(Ed-Es).
• E) Ed/Es.

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Definitions:

Atomic Symbols

Abbreviations or short representations of elements based on their Latin or English names.

Zinc

A metallic element with the symbol Zn and atomic number 30, used in alloys, batteries, and as a protective coating for steel.

Vanadium

A chemical element with symbol V and atomic number 23, known for its strong structural metals and use as a catalyst.

Technetium

A chemical element with symbol Tc and atomic number 43, notable for being the lightest element whose isotopes are all radioactive.