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Author Question: The government wants to increase its tax revenue and plans to implement an additional sales tax. The ... (Read 97 times)

tth

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on: Jun 29, 2018
The government wants to increase its tax revenue and plans to implement an additional sales tax. The government will raise more tax revenue if it taxes a good with an ________ rather than a good with an ________.
 
  A) inelastic demand; elastic demand
  B) elastic demand; inelastic demand
  C) elastic supply; inelastic supply
  D) None of the above answers is correct.

Question 2

In the above figure, if the price is 12 per unit, how many units will a profit maximizing perfectly competitive firm produce?
 
  A) 0
  B) 20
  C) 30
  D) 35


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Ddddd

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


tth

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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