If the Demand Curve Is Very Elastic and the Supply

question 38

True/False

If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.

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Definitions:

Distribution

In statistics, the way in which values are spread out or distributed across a range.

Panic Disorder

Panic disorder is a mental health condition characterized by sudden and repeated episodes of intense fear or discomfort, along with physical symptoms like rapid heartbeat and dizziness.

Intense Anxiety

A heightened state of fear, worry, or unease that is stronger and more consuming than typical anxiety.

Recurrent

Occurring repeatedly or habitually, typically referring to events, phenomena, or conditions.