A tax is imposed on orange juice. Consumers will bear no burden from this tax if the:
a. demand for orange juice is perfectly inelastic.
b. supply curve for orange juice is unit elastic.
c. demand for orange juice is unit elastic.
d. supply curve for orange juice is perfectly inelastic.
Question 2
In the equation of exchange, velocity will tend to rise when:
a. the price level rises, other things being equal.
b. real GDP rises, other things being equal.
c. the money supply declines, other things being equal.
d. all of the above.
A lilac, orange and white Satin Peruvian guinea pig (show-length coat)
China has relied on cheap coal to meet its demand for energy
The hand on the right exhibits the orange-tinged skin characteristic of carotenodermia
During a period of high power demand, the voltage output of the power company is reduced by ...