A Demand Curve Cannot Be Both Elastic and Inelastic

question 2

True/False

A demand curve cannot be both elastic and inelastic.

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Definitions:

Postpone Taxes

A financial strategy that seeks to delay the payment of income taxes on earnings through various tax-advantaged accounts or investments.

401k Plans

Retirement savings plans sponsored by employers that allow employees to save and invest a piece of their paycheck before taxes are taken out.

403b Plans

Tax-deferred retirement savings plan available for public education organizations, some non-profit employers, and self-employed ministers.

Tax Penalty

An additional charge imposed by the tax authority on a taxpayer for not meeting tax obligations or for errors in a tax return.