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

Author Question: Which of the following is true? i. If supply is perfectly inelastic, the tax creates no deadweight ... (Read 83 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: May 24, 2019
Which of the following is true?
i.  If supply is perfectly inelastic, the tax creates no deadweight loss.
ii.  The elasticities of supply and demand, not Congress, determine who pays the income tax.
iii.  A tax is progressive if the average tax rate falls with income.
◦ only i
◦ only ii
◦ only iii
◦ ii and iii
◦ i and ii
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 lilldybug07 on May 24, 2019

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
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 39% of students answer this correctly


lilldybug07

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: May 24, 2019
Thanks


shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Blood supply to the pituitary gland Blood supply to the pituitary gland
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Solar energy heats the atmosphere, creates seasons, and causes air to circulate Solar energy heats the atmosphere, creates seasons, and causes air to circulate
Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library