Which of the Following Statements Is Correct

question 195

Multiple Choice

Which of the following statements is correct?

• A) When demand is more inelastic than supply, sellers pay more of the tax.
• B) When demand is more elastic than supply, sellers pay more of the tax.
• C) When supply is more inelastic than demand, buyers pay more of the tax.
• D) When supply is more elastic than demand, sellers pay more of the tax.

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Definitions:

Synectics

A problem-solving method that encourages creative thinking, often by making seemingly unrelated analogies.

Cross Functional Teams

Groups composed of members from different departments or areas of expertise working together toward a common goal.

Unconnected Elements

Components that do not have a direct relationship or link with each other.

Creative Motivation

The drive or inspiration to generate innovative ideas, solutions, or expressions.