The Side of the Market That Is More Inelastic

question 70

Multiple Choice

The side of the market that is more inelastic:

• A) will bear more of the tax burden.
• B) will bear less of the tax burden.
• C) will share an equal amount of the tax burden.
• D) determines whether to shoulder the majority of the tax burden or pass it on.

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Definitions:

Checking Rituals

Repetitive behaviors or mental acts that a person feels compelled to perform, often associated with obsessive-compulsive disorder, aimed at reducing anxiety or preventing a feared event.

Trust

Confidence in the reliability, truth, ability, or strength of someone or something, often considered essential for social cohesion and personal relationships.

Memory

The faculty by which the mind stores and remembers information, enabling learning and retention of experiences.

Automatic Reflex

An automatic reflex is an involuntary and nearly instantaneous movement in response to a stimulus, not requiring conscious thought.