When a Good Is Taxed,the Burden of the Tax

question 31

Multiple Choice

When a good is taxed,the burden of the tax

• A)falls more heavily on the side of the market that is more elastic.
• B)falls more heavily on the side of the market that is more inelastic.
• C)falls more heavily on the side of the market that is closer to unit elastic.
• D)is distributed independently of relative elasticities of supply and demand.

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Definitions:

DLC

Acronym for "Data Link Connector," an interface found in vehicles that allows access to the onboard diagnostics (OBD) system.

J1939 Data Bus

A communication protocol based on CAN (Controller Area Network) used in the heavy-duty trucking industry for electronic control units (ECUs) to communicate.

Smart Switch

A smart switch is an advanced electrical switch that can be controlled remotely through an app or a home automation system, allowing for smarter energy usage and convenience.