If the Demand Curve Is Very Elastic and the Supply

question 38

True/False

If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.

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Definitions:

Instructional Design

The practice of creating educational and training programs in a consistent and reliable fashion to improve learning and performance.

Training Objectives

Specific goals that describe what learners should know or be able to do as a result of a training program.

Training Delivery Activity

The act or process of conducting and managing training sessions to transfer knowledge or skills to participants.

Kirkpatrick's Four Levels

A model for evaluating the effectiveness of training programs, consisting of four levels: reaction, learning, behavior, and results.