The Tax Elasticity of Supply Is

question 72

Multiple Choice

The tax elasticity of supply is

• A)Always equal to 1.
• B)Always less than 1.
• C)The percentage change in quantity supplied divided by the percentage change in tax rates.
• D)The percentage change in quantity supplied multiplied by the percentage change in tax rates.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out nerve signals.

Amygdala

A key structure in the brain involved in processing emotions, including fear and pleasure.

Basal Ganglia

A group of structures located deep within the cerebral hemispheres of the brain involved in controlling movement, emotional responses, and decision making.

Cognitive Distortion

Faulty or biased ways of thinking that are believed to contribute to emotional distress and mental health disorders.