Sellers of a Product Will Bear the Larger Part of the Tax

question 18

Multiple Choice

Sellers of a product will bear the larger part of the tax burden,and buyers will bear a smaller part of the tax burden,when the

• A)tax is placed on the sellers of the product.
• B)tax is placed on the buyers of the product.
• C)supply of the product is more elastic than the demand for the product.
• D)demand for the product is more elastic than the supply of the product.

---

Definitions:

Changing

The act or process of making or becoming different, often used in the context of personal, organizational, or social transformation.

Unfreezing

The initial stage in the change process where existing patterns or behaviors are challenged in preparation for change.

Refreezing

The process of stabilizing a group, organization, or system after a change has been implemented, ensuring the new state is maintained.

Attitude-centered

Orientation that focuses on the attitudes and mindsets of individuals as pivotal elements in achieving outcomes.