Given Any Downward-Sloping Demand Curve for a Good,the More Price-Elastic

question 105

Multiple Choice

Given any downward-sloping demand curve for a good,the more price-elastic the supply curve,the _____ equilibrium output will fall and the _____ will be the deadweight loss when the government imposes an excise tax.

• A)more;smaller
• B)more;larger
• C)less;smaller
• D)less;larger

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Definitions:

Inflammation

A biological response to harmful stimuli, such as pathogens or damaged cells, characterized by redness, swelling, heat, and pain.

Edema

Swelling caused by excess fluid trapped in the body's tissues, often occurring in the arms, legs, or ankles.

Hemorrhage

Excessive or uncontrolled bleeding, which can occur internally within body cavities or externally through a natural opening or break in the skin.

Injured Tissue

Tissue that has been damaged due to injury or disease, leading to inflammation, pain, and often requiring regeneration or repair processes.