Use the following to answer questions :
Figure: Tax Incidence 
-(Figure: Tax Incidence) Use Figure: Tax Incidence.All other things unchanged,when a good or service is characterized by a relatively elastic demand,as shown in panel _____,the greater share of the burden of an excise tax on it is borne by _____.
Definitions:
Post-Formal Cognitive Development
A stage of cognitive maturity where individuals are able to think abstractly, consider multiple viewpoints, and understand that issues can have complex resolutions.
Metacognition
Awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."
Stage of Life Phenomenon
Refers to the distinct phases individuals pass through from birth to death, often characterized by specific developmental milestones.
Early Adulthood
A life stage typically ranging from 20 to 40 years, characterized by the pursuit of independence, career establishment, and often forming close relationships.
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