If the Demand Curve Is Very Inelastic and the Supply

question 300

True/False

If the demand curve is very inelastic and the supply curve is very elastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.

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Definitions:

Gender Differences

Gender differences refer to the distinctions in characteristics, roles, behaviors, and physical or psychological traits between males and females.

Clique

A group of five to ten individuals who hang around together and who share activities and confidences.

Identity Achievement

A stage in adolescent development where an individual has explored various options and has made commitments to personal values and goals.

James Marcia

A developmental psychologist known for his work on adolescent identity formation, particularly for his theory of identity statuses.