The Share of the Burden of an Emissions Tax on Output

question 37

Multiple Choice

The share of the burden of an emissions tax on output borne by the consumer of the polluting output will rise as

• A)the tax rises.
• B)demand elasticity falls.
• C)demand elasticity rises.
• D)the tax falls.

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Legal System

The system of laws and regulations, including the processes by which laws are enforced and through which redress for grievances is obtained.

Individuals

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The external factors in an industry that influence the competitive environment and affect business strategies, including competition, potential new entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.