The division of the burden of a tax between buyers and sellers in a market is called tax allocation

For a product with a constant or gently increasing opportunity cost of producing additional units, as more is produced, we expect that

A) demand is price elastic. B) supply is price elastic. C) demand is price inelastic. D) supply is price inelastic. E) demand is unit elastic.

A decrease in government transfer payments

A) increases aggregate demand. B) increases the aggregate quantity demanded. C) decreases the aggregate quantity demanded. D) decreases aggregate demand.