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:

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish and to measure and monitor progress towards strategic targets.

Organizational Performance

A measure of how effectively and efficiently an organization meets its goals and objectives.

Internal Processes

Refers to the procedures and operations that take place within an organization to ensure its smooth and effective functioning.

Ethics Auditing Process

A systematic evaluation of an organization's ethical policies and practices, aimed at identifying strengths and weaknesses and proposing improvements.