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Author Question: If the government institutes a specific tax for a good that has a perfectly elastic demand curve ... (Read 16 times)

jCorn1234

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on: Jul 1, 2018
If the government institutes a specific tax for a good that has a perfectly elastic demand curve
 
  A) the producer passes the entire tax on to the consumer.
  B) the producer must absorb the entire tax.
  C) the producer can generally only pass part of the tax onto the consumer.
  D) the equilibrium price drops.

Question 2

Monopolies in successive markets result in
 
  A) a double markup for consumers.
  B) more output than if the input market is competitive.
  C) a lower output price than if the input market is competitive.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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aloop

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jCorn1234

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

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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