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If the Supply Curve Is More Price Elastic Than the Demand

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Essay

If the supply curve is more price elastic than the demand curve in a particular market, will the buyers or the sellers bear a larger burden of a per-unit tax imposed on the market?


Definitions:

Smooches

Informal term for kisses or expressions of affection, typically on the lips or cheek.

Punisher

A stimulus that follows a behavior and decreases the likelihood of that behavior being repeated, often used in behavioral conditioning.

Behaviour Probability

The likelihood that a specific action or response will occur, often influenced by past reinforcement or punishment.

Event

An occurrence or happening, especially one of significance.

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