In the Long Run,the Greater Burden of a Specific Tax

question 13

Multiple Choice

In the long run,the greater burden of a specific tax will usually be absorbed by

• A)consumers.
• B)the party consumers or producers with the more elastic demand/supply curve.
• C)the party with the least elastic demand/supply curve.
• D)shareholders and employees of the firm in the form of reduced dividends and wages.

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Definitions:

HRM Association

An organization or group that focuses on the professional practices and development of human resource management, providing resources, advocacy, and networking opportunities for HR professionals.

Education and Information Services

These are services dedicated to providing educational resources and information to individuals or communities, often focusing on learning support, research, and access to educational materials.

Mutually Beneficial Relationships

Relationships that provide benefits to all parties involved, fostering positive outcomes and cooperation between individuals or entities.

Internal Management

The process of overseeing and guiding a company's operations, strategies, and employees from within the organization.