Consider a Situation Where the U

question 143

Multiple Choice

Consider a situation where the U.S.Congress wants to place a special tax on private airplanes to increase tax revenue.This tax would be most effective in raising new tax revenues if the price elasticity of:

• A) supply is elastic.
• B) supply is inelastic.
• C) demand is elastic.
• D) demand is inelastic.

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Definitions:

DNA Replication

The method through which a double-helix DNA molecule replicates to create two identical copies of the DNA.

Conservative

In a political context, it refers to ideologies favoring tradition, stability, and resistance to change; in a scientific context, it might refer to processes or theories that conserve certain quantities or principles.

Parallel

In biology, this might refer to the occurrence or development of similar traits or structures in organisms not closely related, often due to similar environmental pressures.

Proteins

Large biomolecules consisting of one or more long chains of amino acid residues, essential for the structure, function, and regulation of the body's tissues and organs.