Author Question: If the supply curve is perfectly inelastic, _____ a. any tax will be entirely born by suppliers ... (Read 36 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
If the supply curve is perfectly inelastic, _____
 
  a. any tax will be entirely born by suppliers
  b. any tax will be entirely born by demanders
  c. any tax will be split by demanders and suppliers
   d. the tax incidence depends upon the elasticity of the demand curve

Question 2

The above figure shows a graph of the market for pizzas in a large town. No pizzas will be supplied unless the price is above
 
  A) 0.
  B) 5.
  C) 12.
  D) 14.


pami445

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

a

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

For a complete list of videos, visit our video library