The Burden of Tax on Sellers Is Greater the More

question 116

Multiple Choice

The burden of tax on sellers is greater the more (1) elastic is demand.
(2) inelastic is demand.
(3) elastic is supply.
(4) inelastic is supply.

• A)(2)only
• B)(1)and (3)
• C)(1)and (4)
• D)(2)and (3)
• E)(2)and (4)

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Definitions:

Superior

An anatomical term indicating a structure situated above or directed upward, often in relation to another body part.

Cephalic

Relating to, or located on or near the head.

Dorsal

Pertaining to the back or posterior of an organism, opposite of ventral.

Caudal

Pertaining to or located near the tail or the posterior part of the body.