Given the Demand Curve, the More Inelastic the Supply Curve

question 335

Multiple Choice

Given the demand curve, the more inelastic the supply curve, the

• A) more the excise tax incidence is shifted to consumers.
• B) greater is the deadweight loss.
• C) smaller is the deadweight loss.
• D) greater is the increase in price to consumers.

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Definitions:

Mood Adjustment

The process of altering one's emotional state through various methods, such as engaging in activities or changing thought patterns.

Survival Value

The extent to which a trait, behavior, or adaptation contributes to the survival and reproductive success of an organism.

Evolutionary Significance

The importance of traits, behaviors, or structures in terms of their contribution to an organism's survival and reproduction.

Negative Emotions

Unpleasant responses to potential threats or dangers, including subjective states like sadness, disgust, anger, guilt, and fear.