Suppose That in a Particular Market, the Supply Curve Is

question 35

Multiple Choice

Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, then the

• A)buyers will bear a greater burden of the tax than the sellers.
• B)sellers will bear a greater burden of the tax than the buyers.
• C)buyers and sellers are likely to share the burden of the tax equally.
• D)buyers and sellers will not share the burden equally, but it is impossible to determine who will bear the greater burden of the tax without more information.

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Definitions:

Florigen

A hypothetical plant hormone thought to control or trigger the flowering process in plants, regulating the development from vegetative to flowering stage.

Hypothetical Hormone

A theoretical hormone proposed to exist based on observed physiological effects, but not yet identified or isolated.

Coleoptile

A protective sheath covering the emerging shoot in monocotyledonous plants, such as grasses, allowing the young shoot to pierce through the soil.

Unidirectional Light

Light that travels in a single direction, often used in scientific studies to understand plant growth or behavior.