If Demand Is More Elastic Than Supply,the Buyer Will Pay

question 40

Short Answer

If demand is more elastic than supply,the buyer will pay ________ of a tax.

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Definitions:

Income

The financial return or earnings from work, investments, or any other sources, usually measured over a specific period.

Disparity

A great difference or inequality between two or more things, often relating to unfair treatment or outcomes in society.

Upper-upper Class

The upper-upper class refers to the highest echelon of society based on wealth, familial heritage, and social standing, often characterized by substantial influence and resources.

Non-Hispanic

A term used to refer to individuals or populations that do not identify as Hispanic or Latino, often used in demographic and statistical contexts for clarity.