In the table above, which case has the lowest relative price for a hamburger?
A) case A
B) case B
C) case C
D) All three cases have an equal relative price for a hamburger.
Question 2
If a tax is imposed in a market in which demand is perfectly inelastic
A) the buyers pay the entire tax.
B) the sellers pay the entire tax.
C) the buyers and the sellers both pay a portion of the tax.
D) neither the buyer nor the seller pays the tax.
