To Determine the Incidence of a Tax, It Is Necessary

question 240

True/False

To determine the incidence of a tax, it is necessary to have information on both the elasticity of demand and the elasticity of supply.
​

---

Definitions:

Major Term

In a syllogism, the predicate of the conclusion, representing the category into which the subjects are being classified.

Syllogism

A form of deductive reasoning consisting of a major premise, a minor premise, and a conclusion, where the conclusion logically follows from the premises.

Hallucinogenic Drug

A substance that induces alterations in perception, thought, and mood, leading to hallucinations which are not present in reality.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed propositions (premises), each of which shares a common or middle term not present in the conclusion.