If the demand curve for a good is unit price elastic and the supply curve is perfectly price elastic, a 1 specific tax imposed on the sellers of this good will
A) shift the supply curve up vertically by 1.
B) shift the demand curve down vertically by 1.
C) not raise price at all.
D) cause price to increase but by less than 1.
Question 2
If a government wants to maximize revenues from a tax, it should
A) impose it on sellers.
B) impose it on consumers.
C) choose a good with a relatively elastic demand.
D) choose a good with a relatively inelastic demand.
Choose the telephone unit that offers the features needed in your office.
A good posture for practicing meditation is seated in a chair with the back upright and in ...
Oil supply and prices affect the economies of nations
Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C)
The original Supply and Demand graph
Suppose a country imports televisions. The country's supply and demand curves are shown in ...