Regardless of How Price Inelastic the Supply Curve, Tax Revenue

question 27

True/False

Regardless of how price inelastic the supply curve, tax revenue from a per-unit tax rises the more price inelastic the demand curve is.

---

Definitions:

Genome

The complete set of genes or genetic material present in a cell or organism.

Codominance

A genetic scenario where two alleles of a gene pair in a heterozygote are fully expressed, resulting in offspring with a phenotype that is neither dominant nor recessive.

Allele

Alternative form of a gene; a gene pair contains two alleles.

Dominant Gene

A gene that expresses its phenotype over another gene (the recessive gene) when the two are present in a heterozygous condition.