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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
If demand is [more or less?] elastic (i.e., the demand curve is steeper) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
Answer
less

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
If demand is [more or less?] elastic (i.e., the demand curve is steeper) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
If demand is [more or less?] elastic (i.e., the demand curve is steeper) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
Answer
less
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If demand is less elastic (i.e., the demand curve is steeper) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers. </s

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p29

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