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:

Numbness

A loss of sensation or feeling in a part of the body, often indicative of nerve damage or dysfunction.

Supplement

A product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to supplement one's diet and are not considered food.

Dietary Guidelines

Official recommendations provided by governmental or health organizations that offer advice on what to eat and drink for health and nutritional purposes.

Salt Intake

The amount of sodium consumed in one's diet, which can have implications for health, particularly cardiovascular health.