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

Author Question: The burden of a tax falls entirely on sellers if ________. A) the price elasticity of demand is ... (Read 77 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
The burden of a tax falls entirely on sellers if ________.
 
  A) the price elasticity of demand is unitary elastic
  B) the price elasticity of supply is greater than 1
  C) the income elasticity of demand is high
  D) the price elasticity of supply is zero (perfectly inelastic)

Question 2

To increase the quantity of money in the economy, the Federal Reserve can
 
  A) print more money and give it to the banks.
  B) increase the required reserve ratio.
  C) buy government bonds in an open market operation.
  D) sell government bonds in an open market operation.
  E) cut taxes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ... If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ...
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library