This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A sales tax will be divided so that A) the buyers pay the full amount if supply is perfectly ... (Read 107 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
A sales tax will be divided so that
 
  A) the buyers pay the full amount if supply is perfectly inelastic.
  B) the sellers pay the full amount if supply is perfectly inelastic.
  C) the sellers pay the full amount if supply is perfectly elastic.
  D) both buyers and sellers pay some of the tax if supply is perfectly elastic.

Question 2

The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
 
  A) elastic.
  B) unit elastic.
  C) inelastic.
  D) less than the supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

The trilobite body is divided into three major sections The trilobite body is divided into three major sections
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
After adjusting the valves that are closed, rotate the engine one full rotation until the engine ... After adjusting the valves that are closed, rotate the engine one full rotation until the engine ...
Use a full hand/flat of fingers to apply L stroke to face, below the eye and to the edge of the ... Use a full hand/flat of fingers to apply L stroke to face, below the eye and to the edge of the ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library