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Author Question: The more elastic the demand curve, _____. a. the smaller the proportion of a tax paid by the ... (Read 60 times)

MGLQZ

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on: Jul 1, 2018
The more elastic the demand curve, _____.
 
  a. the smaller the proportion of a tax paid by the suppliers
  b. the smaller the proportion of a tax paid by the demanders
  c. the more elastic the supply curve
   d. the more the tax can be shifted to demanders

Question 2

One difference between a monopoly and a competitive firm is that
 
  A) a monopoly is a price taker.
  B) a monopoly maximizes profit by setting marginal revenue equal to marginal cost.
  C) a monopoly faces a downward sloping demand curve.
  D) None of the above.


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dantucker

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

C


MGLQZ

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Gracias!

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