A(n)________ in the Elasticity of Supply or Demand in a Market

question 11

Multiple Choice

A(n) ________ in the elasticity of supply or demand in a market for a good that is taxed would tend to ________ who is legally responsible for paying the tax.

• A) decrease; broaden
• B) decrease; have no effect on
• C) increase; broaden
• D) increase; narrow
• E) increase; have no effect on

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Definitions:

Atomic Number

The number of protons found in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Hydrogen

The lightest and most abundant chemical element in the universe, consisting of just one proton and often one electron.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electrical charge and a mass slightly greater than that of protons.

Protons

Positively charged subatomic particles found in the nuclei of atoms which determine the element's identity and properties.