If the Demand Curve Is More Elastic Than the Supply

question 61

Multiple Choice

If the demand curve is more elastic than the supply curve in a market that is taxed, then:

• A) buyers will bear a greater tax burden than sellers.
• B) sellers will bear a greater tax burden than buyers.
• C) the tax burden will be shared equally by buyers and sellers.
• D) None of these are correct.

---

Definitions:

Diarrhea

A condition characterized by the frequent passage of loose or watery stools.

Vomiting

The forceful expulsion of stomach contents through the mouth, often as a protective response to remove harmful substances.

Nosebleed

The loss of blood from the tissue lining the nose, often caused by dry air, injury, or nose picking.

Epistaxis

Nosebleed.