If the Demand Curve Is Very Inelastic and the Supply

question 300

True/False

If the demand curve is very inelastic and the supply curve is very elastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.

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Definitions:

Cartilages

Flexible connective tissues found in various forms in the body, serving to construct and support structures such as the ears, nose, and joints.

Ventrally

Pertaining to the belly or underside of an animal or organ.

Dorsally

Positioned towards the back side of an organism or towards the spine in humans.

Laterally

Towards the side; away from the midline of the body.