Which of the Following Is Correct? a Tax Burden

question 96

Multiple Choice

Which of the following is correct? A tax burden

• A)falls more heavily on the side of the market that is more elastic.
• B)falls more heavily on the side of the market that is less elastic.
• C)falls more heavily on the side of the market that is closest to unit elastic.
• D)is distributed independently of the relative elasticities of supply and demand.

---

Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy and slowing down the body's responses, often termed the "rest and digest" system.

Physiological Reaction

A bodily response to an external stimulus, involving changes in tissue function, organ function, or biochemical levels.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Stressful Situation

Stressful situations are circumstances that trigger a stress response, challenging a person's ability to cope due to perceived or real pressures.