The Demand for Potted Plants Is More Elastic Than the Demand

question 38

Multiple Choice

The demand for potted plants is more elastic than the demand for wallpaper.Suppose the government levies an equivalent tax on potted plants and wallpaper.The deadweight loss would be larger in the market for

• A) potted plants than in the market for wallpaper because the quantity of potted plants would fall by more than the quantity of wallpaper.
• B) potted plants than in the market for wallpaper because the quantity of wallpaper would fall by more than the quantity of potted plants.
• C) wallpaper than in the market for potted plants because the quantity of potted plants would fall by more than the quantity of wallpaper.
• D) wallpaper than in the market for potted plants because the quantity of wallpaper would fall by more than the quantity of potted plants.

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Definitions:

Cast Operator

The Cast Operator is used in programming to manually change an expression to a specific type.

Explicitly Converted

Refers to the process of manually converting a data type into another data type in programming, also known as type casting.

Basic Rule Of Testing

Ensures that a software application or system behaves as expected under specified conditions, typically involving validation and verification processes.

Header Files

Code files included at the beginning of a source file in programming, providing access to external functions and variables.