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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The personal satisfaction or pleasure derived from engaging in an activity without any external pressures or rewards.

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A psychological construct that drives an individual to pursue and achieve goals.

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The expectation or requirement of a level of performance or quality that is above the norm.

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