If Demand and Supply Are Both Very Elastic,a Decrease in the Rate

question 80

Multiple Choice

If demand and supply are both very elastic,a decrease in the rate of an excise tax will likely:

• A)decrease government revenue.
• B)increase government revenue.
• C)not affect government revenue.
• D)make demand and supply both inelastic.

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Definitions:

Interactional Sequence

A series of social interactions that follow a predictable pattern, often analyzed in therapy or social psychology to understand behavioral dynamics.

Systemic Dynamics

Interactions and patterns within systems (e.g., families, organizations) that influence and are influenced by individual behaviors and relationships.

Interactional Patterns

Recurrent ways of interacting or communicating among individuals within a relationship, group, or system that can influence dynamics and outcomes.

Joining System

Joining system is a term used in family therapy to describe techniques that help therapists become accepted and integrated into the family system to facilitate change.