« previous next »

Author Question: In the case of a specific tax the resulting price received by producers depends on A) who pays ... (Read 56 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
In the case of a specific tax the resulting price received by producers depends on
 
  A) who pays the tax.
  B) the price elasticity of supply.
  C) the price elasticity of demand.
  D) All of the above.

Question 2

If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
 
  A) 0
  B) 1
  C) .5
  D) Cannot be determined.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg
Medical assistants can quickly pull up a patient record when a phone call is received. Medical assistants can quickly pull up a patient record when a phone call is received.
Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ... Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ...
A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ... A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ...
Site-specific recombination, establishing lysogeny in bacteriophage l Site-specific recombination, establishing lysogeny in bacteriophage l
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library