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Author Question: A general sales tax is a unit tax placed on all retail sales. a. True b. ... (Read 31 times)

jCorn1234

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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
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Moriaki

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

A


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