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

Author Question: In the case of a specific tax, tax incidence is independent of who pays A) only when supply and ... (Read 62 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
In the case of a specific tax, tax incidence is independent of who pays
 
  A) only when supply and demand elasticities are not constant.
  B) only when the tax is collected from consumers.
  C) in most but not all cases.
  D) in all cases.

Question 2

Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is perfectly price elastic. If 3 million tickets are currently sold at a price of 5, approximately how much tax revenue could the government generate from a 1 specific tax?
 
  A) 18 million
  B) 3 million
  C) 2.7 million
  D) 1.5 million
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Destiiny22

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
reactions of an ester with a carboxylate group to form an anhydride. The R group is the same in each reactions of an ester with a carboxylate group to form an anhydride. The R group is the same in each
Mendel’s law of independent assortment. Mendel’s law of independent assortment.
A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ... A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ...
The family described in Example Case 3 The family described in Example Case 3
Light-independent reactions of photosynthesis Light-independent reactions of photosynthesis
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library