Governments Like to Know the Price Elasticity of Demand Because

question 210

Multiple Choice

Governments like to know the price elasticity of demand because it helps them determine how changes in sales tax rates will affect

• A) tax revenues.
• B) government spending.
• C) income.
• D) profits.

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Definitions:

Passive-Aggressive

A behavior pattern characterized by indirect resistance to the demands of others and an avoidance of direct confrontation, as in procrastinating, harboring secret feelings of resentment, or being sullen.

Avoidant

Pertaining to a behavior or personality style characterized by the avoidance of intimacy, social interaction, or confrontation.

Ambivalent

Having mixed feelings or contradictory ideas about something or someone.

Anxiously Attached

A type of attachment style characterized by anxiety about relationships and a fear of abandonment.