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2125004343

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For a given positively sloped supply curve, the price increase to consumers resulting from a specific tax imposed on sellers will be
 
  A) greater the more price elastic demand is.
  B) greater the less price elastic demand is.
  C) equal to the entire tax when demand is perfectly elastic.
  D) equal to half of the tax whenever demand is unit elastic.

Question 2

Suppose the supply curve and the demand curve both have unitary elasticity at all prices. The price increase to consumers resulting from a specific tax of 1 imposed on sellers will be
 
  A) 1.
  B) 50 cents.
  C) zero.
  D) impossible to calculate without knowing the slope of the supply curve.


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macybarnes

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2125004343

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


debra928

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

 

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