This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
Markets misbehaving GapFill
Target Level
C
Running Total
0
0%
Attempt
1 of 3
You must fill all the gaps before clicking ‘Check Answers!’
The distribution of the overall tax burden between sellers and buyers in an economy is known as
. The impact of indirect
and
depends on the
of demand and supply for the commodities. Where demand elasticity is
, the larger
of tax falls upon producers. Where demand is perfectly inelastic, a subsidy will be totally beneficial to
. One reason why
may not behave
is the consideration of the influence of other people and government.