The Demand for Chicken Wings Is More Elastic Than the Demand

question 60

Multiple Choice

The demand for chicken wings is more elastic than the demand for razor blades.Suppose the government levies an equivalent tax on chicken wings and razor blades.The deadweight loss would be larger in the market for

• A)chicken wings than in the market for razor blades because the quantity of chicken wings would fall by more than the quantity of razor blades.
• B)chicken wings than in the market for razor blades because the quantity of razor blades would fall by more than the quantity of chicken wings.
• C)razor blades than in the market for chicken wings because the quantity of chicken wings would fall by more than the quantity of razor blades.
• D)razor blades than in the market for chicken wings because the quantity of razor blades would fall by more than the quantity of chicken wings.

---

Definitions:

Depressed

A state of low mood and aversion to activity that affects a person's thoughts, behaviors, feelings, and overall sense of well-being.

Anxious

Feeling anxious, restless, or apprehensive, usually over an upcoming event or something that has an unknown result.

Overly Indulged

Characterizes individuals or actions that have received excessive or uncontrolled amounts of attention, resources, or leniency.

Parental Valuation

The perceived value or importance that parents place on their children, which can influence the children’s development, self-esteem, and well-being.