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Explain Why the Elasticities of Supply and Demand Determine Who

question 127

Essay

Explain why the elasticities of supply and demand determine who bears more of the burden of a tax,consumers or producers.


Definitions:

Argument

A discussion involving differing points of view or a debate.

Embarrass

To cause someone to feel awkward, ashamed, or self-conscious due to a situation or action perceived as socially inappropriate or humiliating.

Rhythm

A strong, regular repeated pattern of movement or sound.

Politeness

The act of showing consideration, respect, and good manners towards others.

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