The party (be it suppliers or consumers) with the more [...]curve will be able to react more to the changes imposed by the tax. Hence, they can avoid more of the burden.
The party (be it suppliers or consumers) with the more [...]curve will be able to react more to the changes imposed by the tax. Hence, they can avoid more of the burden.
The party (be it suppliers or consumers) with the more [...]curve will be able to react more to the changes imposed by the tax. Hence, they can avoid more of the burden.
Answer
elastic
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Open it The party (be it suppliers or consumers) with the more elastic curve will be able to react more to the changes imposed by the tax. Hence, they can avoid more of the burden.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p30
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