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:

Realistic Conflict Theory

A social psychology theory that suggests intergroup conflicts arise from competition over limited resources.

Prejudice

Preconceived opinion that is not based on reason or actual experience.

Segregation

The enforced separation of different racial groups in a country, community, or establishment.

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience.