This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for gasoline is inelastic and the supply of gasoline is elastic. Therefore, (Read 154 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: May 24, 2019
The demand for gasoline is inelastic and the supply of gasoline is elastic. Therefore,
◦ sellers bear most of the incidence of a tax on gasoline.
◦ buyers bear most of the incidence of a tax on gasoline.
◦ the government bears most of the incidence of a tax on gasoline.
◦ the incidence of a tax on gasoline depends if the tax is imposed on sellers or on buyers.
◦ None of these answers is correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by melina_rosy on May 24, 2019

juliaf

  • Sr. Member
  • ****
  • Posts: 344
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.
Answer Preview
Only 29% of students answer this correctly


melina_rosy

  • Member
  • Posts: 531
Reply 2 on: May 24, 2019
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library