If Demand Is More Elastic, the Portion of an Excise

question 44

Multiple Choice

If demand is more elastic, the portion of an excise tax borne by a buyer will

• A)increase.
• B)decrease.
• C)be unchanged.
• D)increase for normal goods, decrease for inferior goods.

---

Definitions:

Vitamin Supplements

Products taken orally that contain one or more vitamins or minerals intended to supplement one's diet.

Confidence Estimate

A numerical range or boundary calculated to predict where a certain population parameter is likely to fall with a specified level of certainty.

Body Mass Index (BMI)

A numerical computation that compares a person's weight and height to assess body fatness, used to indicate if a person is underweight, overweight, or within a healthy weight range.

Obese Canadians

Canadians who have a body mass index (BMI) of 30 or higher, categorizing them as obese according to health standards.