If there is a choice between taxing two goods whose elasticities of supply are equal, then taxing the one with the more inelastic demand will minimize the deadweight loss from taxation.
12.
In most cases, the supply of labor has a fairly inelastic demand, which means that a change in salary has a relatively small impact on the supply of labor, this often depends on different professions.
13.
As the performance objective of the structure implies greater inelastic demands, the uncertainty with linear procedures increases to a point that requires a high level of conservatism in demand assumptions and acceptability criteria to avoid unintended performance.
14.
Available to a number of offshore platforms located outside the United States, the Fund will sell covered call options on underlying stocks with characteristics such as viable option markets, high dividend yields, quality fundamentals, and inelastic demand.
15.
The primary method by which the Mafia stifles competition, however, is the overseeing and enforcement of inelastic demand, lack of product differentiation, etc . ) and difficult to set up ( numerous competitors, low barriers to entry ).
16.
In an intolerant society, the high transaction costs of shifting one's identity and loyalty also operate to produce an inelastic demand curve and instability upon opening of a Market for Loyalties that had been previously constricted by monopoly or oligopoly.
17.
Because output is restricted and because of the inelastic demand for cigarettes, in part due to their addictive nature, the Multistate Settlement Agreement allegedly permitted the Majors to raise their prices to near monopoly levels levels allegedly above those necessary to fund the settlement payments.
18.
The slope of the demand curve determines how much the price level and output respond to the shock, with more inelastic demand ( and hence a steeper demand curve ) causing there to be a larger effect on the price level and a smaller effect on quantity.
19.
Investment in these expeditions was a very high-risk venture, not only because of the usual dangers of piracy, disease and shipwreck, but also because the interplay of inelastic demand and relatively elastic supply of spices could make prices tumble at just the wrong moment, thereby ruining prospects of profitability.
20.
Now Severin Borenstein, director of the Energy Institute at the University of California at Berkeley, offers another solution for fixing a basic problem in electricity deregulation : inelastic demand, which means that households do not turn off lights and appliances or even cut back in the midst of a price spike.
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