Author Question: The term tax incidence refers to A) the amount of revenue government collects from a tax imposed ... (Read 65 times)

tiffannnnyyyyyy

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The term tax incidence refers to
 
  A) the amount of revenue government collects from a tax imposed on a good or service.
  B) whether the burden of a tax rests more heavily on those with higher incomes or those with lower incomes.
  C) the degree of progression of a tax.
  D) the actual division of the burden of a tax between buyers and sellers in a market.

Question 2

Refer to Figure 16-5. Consider the following two pricing strategies:
 
  a. a fixed fee and a per-unit price equal to the monopoly price
  b. a fixed fee and a per-unit price equal to the competitive price
 
  The firm represented in the diagram earns a higher profit under strategy ________ and deadweight loss is eliminated under ________.
  A) a; b B) b; b C) a; neither strategy D) b; neither strategy


macagn

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Answer to Question 1

D

Answer to Question 2

B



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