In Which of the Following Cases Is It Most Likely

question 44

Multiple Choice

In which of the following cases is it most likely that an increase in the size of a tax will decrease tax revenue?

• A)The price elasticity of demand is small,and the price elasticity of supply is large.
• B)The price elasticity of demand is large,and the price elasticity of supply is small.
• C)The price elasticity of demand and the price elasticity of supply are both small.
• D)The price elasticity of demand and the price elasticity of supply are both large.

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Definitions:

Quetzalcoatl

A Mesoamerican deity whose name means 'Feathered Serpent,' revered in various cultures such as the Aztec and Maya, symbolizing fertility, creativity, and the cosmic.

Maya Art

Represents the art of the Maya civilization, notable for its intricate sculptures, paintings, and architectural achievements, deeply intertwined with their cultural and religious practices.

Ceremonial Centers

Centralized areas within ancient civilizations used for rituals, ceremonies, and communal gatherings, often featuring significant architectural structures.

Ribbed Vaults

Architectural elements used in Gothic cathedrals that feature intersecting ribbed arches, helping to support the ceiling or roof.