If the Demand Curve Is Less Elastic Than the Supply

question 131

Multiple Choice

If the demand curve is less 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.

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Definitions:

ICD-10-CM General Note

General guidelines for coding and classifying diseases and health conditions in the International Classification of Diseases, 10th Revision, Clinical Modification.

Tabular Section

A structured format for presenting data or information in rows and columns, simplifying comparison and analysis.

Code Also

A coding instruction indicating that multiple codes may be required to fully describe a condition or circumstances.

ICD-10-CM General Note

Guiding instructions and information related to the use and application of the International Classification of Diseases, Tenth Revision, Clinical Modification.