« previous next »

Author Question: A general sales tax is a unit tax placed on all retail sales. a. True b. ... (Read 52 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jul 1, 2018
A general sales tax is a unit tax placed on all retail sales.
 
  a. True b. False

Question 2

If the price elasticity of demand for a good is less than one in absolute value, economists would characterize consumers of this good
 
  A) as not very sensitive to price.
  B) as not very sensitive to the quantity they demand.
  C) as very sensitive to price.
  D) as elastic.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can
T cells are of three general types: (1) helper T cells that secrete cytokines, which upregulate the ... T cells are of three general types: (1) helper T cells that secrete cytokines, which upregulate the ...
How to convert one unit of measurement to another unit (Part 1) How to convert one unit of measurement to another unit (Part 1)
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
Two general classes of symmetry Two general classes of symmetry
General Mathematics General Mathematics
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library