The Burden of a Per-Unit Tax Will Fall Disproportionately on Consumers

question 22

True/False

The burden of a per-unit tax will fall disproportionately on consumers when the supply curve is relatively more elastic than the demand curve.

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Definitions:

Neutron

One of the principal parts of an atom. The neutron has no charge and is part of the nucleus.

Alternating Current

Electrical current that periodically reverses direction, in contrast to direct current that flows in only one direction.

Omnidirectional

Characteristic of an antenna that can send or receive signals equally well in all directions.

Unidirectional

Moving or operating in a single direction, often used to describe devices that allow current to flow only one way, like diodes.