The More Price Inelastic Is Demand, the More Likely It

question 2

True/False

The more price inelastic is demand, the more likely it is that a tax will fall on sellers.

---

Definitions:

Joint Consultation

An approach where employers and employees deliberate together on work-related issues and decisions.

National Labor Policy

The overarching framework of laws and regulations that govern labor and employment practices within a country.

Codetermination

A practice in corporate governance that allows workers to participate in management decisions and company board representation.

Enterprise Unionism

A labor union organization model where each union represents workers of a single enterprise rather than workers across multiple enterprises in the same industry.