Other Things Being Equal, the More Elastic Demand Is

question 127

Multiple Choice

Other things being equal, the more elastic demand is:

• A)​the lower the deadweight loss is resulting from the imposition of a particular tax on a product.
• B)​the greater the deadweight loss is resulting from the imposition of a particular tax on a product.
• C)​the greater the fraction is of the burden of the tax borne by consumers.
• D)​the greater the tax revenue collected by the government is.

---

Definitions:

Predicate Offense

A crime that is a component of a larger crime, often used as a basis for additional charges or enhanced sentencing.

Statute

A formal written law enacted by a legislative body, governing a specific topic or area.

Jury Instructions

Directions given by a judge to the jury regarding the laws pertinent to the case being considered.

Limited Jurisdiction Courts

Courts that have authority over specific types of cases, often with restrictions on the geographical area, monetary limits, or subject matter.