Economics A Level (DONEEEEEEE): When there is
1. Inelastic Demand
2. Elastic Demand
Describe the Area of the Consumer Burden and Producer Burden

Question

When there is 
1. Inelastic Demand
2. Elastic Demand
Describe the Area of the Consumer Burden and Producer Burden

eric_galvao · Accepted Answer

1. Inelastic Demand makes the Consumer Burden larger than the Producer Burden. This is notable as the Area is Larger
2. Elastic Demand leads to the Exact Opposite. Producer Burden is larger.

Economics A Level (DONEEEEEEE)

When there is 1. Inelastic Demand 2. Elastic Demand Describe the Area of the Consumer Burden and Producer Burden

1. Inelastic Demand makes the Consumer Burden larger than the Producer Burden. This is notable as the Area is Larger 2. Elastic Demand leads to the Exact Opposite. Producer Burden is larger.

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