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

question 191

Multiple Choice

Given any downward-sloping demand curve for a good,the more inelastic 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

---

Definitions:

Job Offer

A job offer is an invitation extended by an employer to a candidate to work in a specific position within the company, typically including terms like salary, work schedule, and duties.

Emotional Contagion

The phenomenon where emotions are transferred from one person to another, either consciously or unconsciously, leading to shared feelings in a group.

Communication Process

The steps through which information is transferred from a sender to a receiver, including encoding, medium selection, decoding, and feedback.

Empathy

The ability to understand and share the feelings of another person, fostering a sense of connection and support.