The More Elastic the Demand Curve,_____

question 46

Multiple Choice

The more elastic the demand curve,_____.

• A)the smaller the proportion of a tax paid by the suppliers
• B)the smaller the proportion of a tax paid by the demanders
• C)the more elastic the supply curve
• D)the more the tax can be shifted to demanders

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Definitions:

Implied Contract

A contract formed in whole or in part from the conduct of the parties, rather than from written or spoken words.

Modified Amount

An adjusted sum of money that has been changed from its original figure for specific reasons or conditions.

Charismatic Authority

A form of leadership in which the leader's authority is derived from his or her extraordinary personal qualities and the affective devotion and emotional attachment this generates in followers.

Traditional Authority

A form of leadership in which authority is legitimized by customs, cultural traditions, and historical precedence.