Use the following to answer questions:
Figure: Tax Incidence 
-(Figure: Tax Incidence) Look at the figure Tax Incidence. All other things unchanged, when a good or service is characterized by a relatively elastic demand, as shown in panel _____, the greater share of the burden of an excise tax on it is borne by _____.
Definitions:
Stock Options
Financial instruments granted to employees or investors, giving them the right, but not the obligation, to buy or sell a company's stock at a predetermined price within a specified period.
Financial Information
Any data related to the financial performance, position, and flows of a business, including income statements, balance sheets, and cash flow statements.
Company-Sponsored Pension Plans
Retirement savings programs established by employers to provide benefits to their employees upon retirement.
Regulation FD
Stands for Fair Disclosure, a rule passed by the Securities and Exchange Commission that aims to prevent selective disclosure by requiring publicly traded companies to disclose material information to all investors at the same time.
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