Other Things Being Equal, the More Inelastic the Demand for a Taxed

question 20

Multiple Choice

Other things being equal, the more inelastic the demand for a taxed good, the

• A)greater the portion of the tax paid by sellers.
• B)greater the excess burden of the tax.
• C)greater the portion of the tax paid by buyers.
• D)less the portion of a tax on sellers that can be shifted to buyers.

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Definitions:

Type Parameter

In generic programming, a placeholder for a specific type that is specified when creating an instance of a generic class or method.

Type Parameter

A mechanism in Java generics that specifies a generic type to be used in a class, method, or interface.

Indicated

To show, point out, or make clear in a specific context. The term is general and not strictly a programming key term unless used in specific contexts like "indicated errors."

For Loop

A control flow statement for specifying iteration, allowing code to be executed repeatedly based on a boolean condition.