Business Economics
Quick practice
Question 1 of 5
If the elasticity of demand for a good is greater than elasticity of supply for the good, then :
A
The burden of tax on buyers would be lower than that on sellers
B
Incidence cannot be shifted
C
The burden of tax on buyers would be higher than that on sellers
D
The burden of tax on buyers would be equal to that on sellers
Concepts
Intro to Business Economics
Theory of Demand & Supply
Theory of Production & Cost
Price Determination in Markets
Business Cycles
Get unlimited practice with CA Foundation subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go