For a Given Supply Curve, How Does the Elasticity of Demand

question 95

Multiple Choice

For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product?

• A)The excess burden of the tax will be minimised when the demand is unit-elastic.
• B)The excess burden of the tax will be greater when the elasticity of supply is greater than the elasticity of demand.
• C)The excess burden of the tax will be greater when the demand is less elastic than when it is more elastic.
• D)The excess burden of the tax will be greater when the demand is more elastic than when it is less elastic.

Understand the principles of osmosis and the movement of water in and out of cells.

Describe the mechanisms of salt and water balance in marine and freshwater organisms.

Explain the process of excretion and the role of excretory organs.

Distinguish between different types of nitrogenous wastes and their solubility and toxicity.

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Definitions:

Psychosexual Development

A theory proposed by Freud that suggests individuals pass through various stages from infancy to adulthood, with each stage centered on pleasure derived from different areas of the body.

System Of Personality

The organized and dynamic set of characteristics possessed by a person that uniquely influences their environment, cognitions, emotions, motivations, and behaviors.

Oedipus Complex

A psychoanalytic theory proposed by Sigmund Freud, suggesting that a child feels desire for their opposite-sex parent and jealousy towards their same-sex parent.

Melanie Klein

A psychoanalyst known for her work on object relations theory and the psychoanalysis of children, highlighting the importance of early emotional relationships.