All Else Equal,if Demand Is Relatively Elastic and Supply Is

question 58

Multiple Choice

All else equal,if demand is relatively elastic and supply is relatively inelastic,a tax on a product will cause

• A) buyers to bear a larger portion of the tax burden.
• B) sellers to bear a larger portion of the tax burden.
• C) buyers and sellers to share the tax burden equally.
• D) It is impossible to tell from this information who will bear the greater tax burden.

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Definitions:

Sarcolemma

The plasma membrane of a muscle cell that encloses the cytoplasm of the cell, playing a role in muscle contraction.

Axon Terminal

The distal terminations of the branches of an axon, facilitating transmission of nerve impulses to other neurons or muscle cells.

Cardiac Muscle Tissue

Cardiac muscle tissue is specialized muscle tissue found only in the heart, responsible for the rhythmic contractions that pump blood throughout the body.