In General, the Burden of a Tax Falls on Buyers

question 22

Multiple Choice

In general, the burden of a tax falls on buyers when demand is _____ than supply.

• A) more price inelastic
• B) less price inelastic
• C) more unit elastic
• D) less unit elastic

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Definitions:

Free Will

The concept or belief that human beings possess the capacity to make choices that are not predetermined by past events, genetics, or environmental factors.

Positive Psychologist

A positive psychologist focuses on studying and enhancing the positive aspects of human life, such as well-being, happiness, and fulfillment.

Grateful

Feeling or showing appreciation for something done or received.

Brain's Activity

The complex functionalities and processes executed by the brain, including thinking, feeling, perceiving, and coordinating physical actions.