With Regard to Tax Burdens, What Does the "Elasticity =

question 99

Multiple Choice

With regard to tax burdens, what does the "elasticity = escape" idea tell you?

• A) that the curve (between demand and supply) that is relatively more elastic will bear less of the tax burden
• B) that the curve (between demand and supply) that is relatively more inelastic will bear less of the tax burden
• C) that the curve (between demand and supply) that is relatively more elastic will escape the tax burden entirely
• D) that the ratio of the buyers' tax burden to the sellers' tax burden is always greater than 1

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Definitions:

Left Hemisphere

The half of the brain that typically controls logical thinking, analysis, and language functions in most people.

Language Function

The purpose served by spoken or written communication, including informing, persuading, questioning, or socializing.

Simultaneously Monitor

To observe or check multiple inputs, conditions, or systems at the same time, often requiring divided attention or multitasking capability.

Dual Processing

The principle that information is often simultaneously processed on separate conscious and unconscious tracks.