Author Question: In the case of a specific tax the resulting price received by producers depends on A) who pays ... (Read 85 times)

stock

  • Hero Member
  • *****
  • Posts: 573
In the case of a specific tax the resulting price received by producers depends on
 
  A) who pays the tax.
  B) the price elasticity of supply.
  C) the price elasticity of demand.
  D) All of the above.

Question 2

If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
 
  A) 0
  B) 1
  C) .5
  D) Cannot be determined.


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

For a complete list of videos, visit our video library