Compared to Consumers,producers Will Lose the Lesser Amount of Surplus

question 155

Multiple Choice

Compared to consumers,producers will lose the lesser amount of surplus from a tax if

• A) supply and demand are equally elastic.
• B) supply is less elastic than demand.
• C) supply is more elastic than demand.
• D) demand is perfectly inelastic.
• E) supply is perfectly elastic.

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Definitions:

Flexor Carpi Ulnaris

A muscle of the forearm that acts to flex and adduct (move towards the body) the wrist.

Flexor Carpi Radialis

A muscle of the forearm that acts to flex and abduct the hand.

Extensor Carpi Radialis Brevis

A muscle in the forearm that assists in extending and abducting the wrist.

Extensor Carpi Radialis Longus

A muscle in the forearm that extends and abducts the wrist, playing a key role in hand movements.