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Use the following to answer question:
-(Figure: Tax Incidence) Use Figure: Tax Incidence.All other things unchanged,when a good or service is characterized by a relatively inelastic demand,as shown in panel _____,the greater share of the burden of an excise tax on it is borne by _____.
Investment
Allocating resources, such as capital or time, with the expectation of generating an income or profit.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned from deposited funds.
Interest Rate
The proportion, in percentage, charged on the total amount borrowed or earned on the deposited amount over a specific time period.
Borrowed
Something obtained or received temporarily with the intention of returning it or its equivalent value.
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