When the Demand for a Product Is Less Elastic Than

question 207

Multiple Choice

When the demand for a product is less elastic than the supply,

• A)consumers pay the majority of the tax on the product.
• B)firms pay the majority of the tax on the product.
• C)firms pay the entire tax on the product.
• D)consumers pay the entire tax on the product.

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Definitions:

Adduct

To move a limb or other body part toward the midline of the body.

Wrist

The joint connecting the hand and the forearm.

Muscles

Tissue composed of fibers capable of contracting to produce movement or maintain the position of parts of the body.

Joint

A structure in the human or animal body where two parts of the skeleton are fitted together, allowing for movement or flexibility.