If Demand and Supply Are Both Very Elastic,a Decrease in the Rate

question 80

Multiple Choice

If demand and supply are both very elastic,a decrease in the rate of an excise tax will likely:

• A)decrease government revenue.
• B)increase government revenue.
• C)not affect government revenue.
• D)make demand and supply both inelastic.

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Definitions:

Three-dimensional Learning Experience

An instructional approach that integrates three key dimensions: disciplinary core ideas, science and engineering practices, and crosscutting concepts, to provide a comprehensive learning experience.

Behavior Modeling

A training technique that involves learning through observation and imitation of others’ behaviors, which are demonstrated as a way to teach effective skills.

Interpersonal Skills

Abilities used to effectively communicate, interact, and work with individuals and groups.

Technical Skills

The abilities and knowledge needed to perform specific tasks, often related to computers, electronics, mechanics, or information technology.