________ Are Less Intense, Longer-Lived, and More Diffuse Feelings

question 143

Short Answer

________ are less intense, longer-lived, and more diffuse feelings.

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Definitions:

Equilibrium Price

The charge where the amount of merchandise supplied equals the amount consumers are willing to purchase.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

Elastic Supply

A situation where the supply of a good changes significantly when its price changes.

Tax Burden

The measure of the impact of taxation on an individual's or entity's income, assets, or purchasing power.