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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  tax incidencetrickle downtaxationtax sharing. The impact of indirect   taxvalueburdenincidence and   subsidiestaxrevenueprofits depends on the   valueselasticitysteepness gradient of demand and supply for the commodities. Where demand elasticity is  perfectly elasticinelasticelasticunitary, the larger   burdenvaluesubsidybearing of tax falls upon producers. Where demand is perfectly inelastic, a subsidy will be totally beneficial to  corporationsproducersfirmsconsumers. One reason why   consumersgovernmentsproducerspoliticians may not behave  normallyuniformlyrationallyabnormally is the consideration of the influence of other people and government.

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark
72%