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Author Question: Neither the demand nor the supply of gasoline is perfectly elastic or inelastic. When the government ... (Read 157 times)

xclash

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on: May 24, 2019
Neither the demand nor the supply of gasoline is perfectly elastic or inelastic. When the government increases the federal tax on gasoline, the effect on buyers is that the price they pay
◦ rises.
◦ falls.
◦ does not change.
◦ rises if the demand is inelastic and falls if the demand is elastic.
◦ rises if the supply is inelastic and falls if the supply is elastic.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by xclash on May 24, 2019

meryzewe

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Reply #1 on: May 24, 2019
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.
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xclash

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Reply #2 on: May 24, 2019
Excellent


meryzewe

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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