Other Things Being Equal, the More Elastic Demand Is

question 127

Multiple Choice

Other things being equal, the more elastic demand is:

• A)​the lower the deadweight loss is resulting from the imposition of a particular tax on a product.
• B)​the greater the deadweight loss is resulting from the imposition of a particular tax on a product.
• C)​the greater the fraction is of the burden of the tax borne by consumers.
• D)​the greater the tax revenue collected by the government is.

---

Definitions:

Developmental Trajectories

The pattern of change in behaviors, abilities, or characteristics over time in individuals as they grow and mature.

Environmental Influences

Factors stemming from the external surroundings that impact an individual's development, behaviors, or life outcomes.

Scientific Method

A systematic, logical approach to discovering how things in the universe work, involving hypothesis, experimentation, observation, and conclusions.

Hypothesis

A tentative explanation or assumption made on the basis of limited evidence as a starting point for further investigation.