A Policy Maker Has Argued for Higher Taxes on Gasoline

question 28

Multiple Choice

A policy maker has argued for higher taxes on gasoline to reduce the negative externalities associated with driving. This policy will lead to a relatively ________ reduction in driving if demand is ________.

• A)small; perfectly elastic
• B)large; perfectly inelastic
• C)small; relatively inelastic
• D)large; relatively inelastic

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Definitions:

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Growth Patterns

The specific ways in which an organism grows and develops, often referring to the observable trends or characteristics during its lifecycle.

Family Health History

A record of health information about a person and their close relatives, used to identify patterns of diseases and risk factors in the family.

Development

The process of growth, progress, or evolution of something, often referring to economic, social, or biological aspects.