The More Elastic the Supply Curve, the ____ Will Be

question 85

Multiple Choice

The more elastic the supply curve, the ____ will be the effect of a tax on the quantity exchanged and the ____ will be the welfare cost.​

• A)​greater; greater.
• B)​greater; smaller.
• C)​smaller; greater.
• D)​smaller; smaller.

---

Definitions:

Norm

A standard or guideline that regulates behavior in a group, society, or culture.

In-crowd

A group of people who are considered fashionable or popular within a particular context or community.

Pet Peeve

A minor annoyance that an individual finds particularly irritating, far more than others may.

Text Message

A short message sent electronically, typically from one mobile phone to another.