If Supply Is More Inelastic Than Demand Is, the

question 16

Multiple Choice

If supply is more inelastic than demand is, the

• A)more the tax will fall on producers
• B)more the tax will fall on consumers
• C)less likely that a tax will have an impact on market transactions
• D)less likely it a tax will lead to tax avoidance
• E)greater the impact that a tax has on consumer expectations

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Definitions:

Nonnative Organism

A species living outside its natural distribution area, having been introduced by human activity, either intentionally or accidentally.

Extinct Annually

The phenomenon where species of animals, plants, or other organisms disappear from the planet every year due to environmental factors, human activity, or other causes.

Environmental Dangerous

Refers to situations or conditions that pose a threat to ecological balance or public health.

Toxic Dumps

Sites where hazardous waste is disposed of, often illegally, posing significant environmental and health risks.