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Author Question: The more elastic the demand curve, the ____ will be the effect of a tax on the quantity exchanged ... (Read 62 times)

nelaaney

  • Hero Member
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on: Jun 30, 2018
The more elastic the demand curve, the ____ will be the effect of a tax on the quantity exchanged and the ____ will be the welfare cost.
 a. greater; greater.
 b. greater; smaller.
  c. smaller; greater.
  d. smaller; smaller.

Question 2

When expansionary policy is unanticipated, it leads to a short-run expansion in output and employment.
 a. True
  b. False
  Indicate whether the statement is true or false


manuelcastillo

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  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


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