« previous next »

Author Question: Suppliers with a high supply elasticity will bear a ________ tax incidence, while suppliers with a ... (Read 48 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
Suppliers with a high supply elasticity will bear a ________ tax incidence, while suppliers with a low supply elasticity will bear a ________ tax incidence.
 
  A) lower; higher
  B) higher; lower
  C) lower or no; higher or full
  D) A and C

Question 2

The elasticity of supply of rental units in New York City is estimated to be about 0.10. Current price restrictions (price floors) are estimated to decrease the price of rental units by 10 below equilibrium price. By how much would price and quantity supplied change if the price floors were removed from the rental unit market in New York City?
 
  A) Price will increase by 10 and quantity supplied will increase by 1.
  B) Price will decrease by 10 and quantity supplied will increase by 1.
  C) Price will increase by 10 and quantity supplied will decrease by 1.
  D) Price and quantity supplied will increase by 10.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

blood supply blood supply
Grazing Incidence X-ray Telescopes Grazing Incidence X-ray Telescopes
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library