When Demand for a Product Is Very Inelastic, the Burden

question 217

Multiple Choice

When demand for a product is very inelastic, the burden of a tax falls mainly on

• A)producers.
• B)consumers.
• C)tax collectors.
• D)people who drop out of the market.

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Definitions:

Leader Values

Core beliefs and principles that guide a leader's actions, decisions, and interactions with others.

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A leadership style where leaders encourage, inspire, and motivate employees to innovate and create change that will help grow and shape the future success of the company.

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