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If Demand Is Unit Elastic and the Labor Supply Is

question 25

Multiple Choice

If demand is unit elastic and the labor supply is ________, the payroll tax is borne mostly by the employer.


Definitions:

Aspiration Pneumonia

A lung infection caused by inhaling food, liquid, or vomit into the lungs.

Centers for Medicare and Medicaid

U.S. federal agencies responsible for administering the nation’s major healthcare programs, Medicare and Medicaid.

Health Insurance

A financial arrangement that covers the cost of an individual's medical and surgical expenses in part or in whole.

Accredit

The process by which an institution or program meets specified standards and is recognized by an official agency.

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