In a Stratum Chart,the Vertical Distance Between Two Lines Represents

question 13

Multiple Choice

In a stratum chart,the vertical distance between two lines represents the

• A)amount of the upper line variable.
• B)amount of the lower line variable.
• C)sum of the upper and lower line variables.
• D)difference of the upper and lower line variables.
• E)None of these are correct.

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Definitions:

Elastic Supply

characterizes a market situation where the quantity supplied changes significantly in response to changes in price.

Tax Burden

The total amount of taxes imposed on an individual, corporation, or other entity by the government, often expressed as a percentage of income.

Ceteris Paribus

A Latin phrase meaning 'all other things being equal', used in economics to isolate the effect of one variable change.

Payroll Taxes

Levies placed on both employers and employees, determined by a portion of the wages that businesses disburse to their workforce.