If the Demand Curve Is More Elastic Than the Supply

question 76

Multiple Choice

If the demand curve is more elastic than the supply curve,then:

• A) the buyers will bear a greater tax incidence than sellers.
• B) the sellers will bear a greater tax incidence than buyers.
• C) tax incidence will be shared equally by buyer and seller.
• D) None of these is true.

Recognize the global status and challengesassociated with women in demographics, employment, and land ownership.

Identify barriers to successful demographic transition in developing countries.

Understand the factors influencing infant mortality and life expectancy.

Recognize the impact of family planning, economic opportunities, and education on birth rates.

---

Definitions:

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in its price.

Price-Discriminating

A pricing strategy where a company charges different prices for the same product or service to different market segments based on willingness to pay.

Elastic Demand

Refers to a market situation where the quantity demanded of a product is highly responsive to changes in its price.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service depending on the customer, market, or region.