If the Supply Curve Is More Inelastic Than the Demand

question 127

Multiple Choice

If the supply curve is more inelastic than the demand curve,then:

• A) the sellers will bear a greater tax incidence than the buyers.
• B) the sellers will bear a smaller tax incidence than the buyers.
• C) the sellers will bear an equal tax incidence as the buyers.
• D) Any of these could be true.

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Definitions:

University Population

The total number of individuals within a university setting, including students, faculty, and administrative staff.

Dorms Residents

Individuals living in a dormitory, which is a residence hall providing sleeping and residential quarters for large numbers of people such as students in a college or university.

Individual Difference Variables

Variables that describe ways in which individuals differ from each other in their behavior, traits, and cognition.

Manipulated

in research, refers to the controlled alteration of an independent variable to observe its effect on a dependent variable.