7. Mat ea concept in Column A with an example in Column B. Column A a. An...

7. Mat ea concept in Column A with an example in Column B.

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Column A a. An example of a progressive tax b. An example of a regressive tax c. A proportional tax d. An excise tax e. Inelastic demand f. Elastic demand g. Effective tax rate h. Supply-side economics i. Tax incidence analysis Column B 1. The tax burden falls primarily on producers 2. A tax on each unit of a product 3. Total taxes divided by total income 4. Estate taxes 5. The study of how tax burdens are distributed 6. Social insurance taxes 7. The tax burden falls primarily on consumers 8. A tax that is the same rate regardless of income levels 9. The theory that economic growth depends on low marginal tax rates