A general sales tax is a unit tax placed on all retail sales. a. True b. ...

Author Question: A general sales tax is a unit tax placed on all retail sales. a. True b. ... (Read 42 times)

jCorn1234

Hero Member
Posts: 545

on: Jul 1, 2018

A general sales tax is a unit tax placed on all retail sales.

a. True b. False

Question 2

If the price elasticity of demand for a good is less than one in absolute value, economists would characterize consumers of this good

A) as not very sensitive to price.
B) as not very sensitive to the quantity they demand.
C) as very sensitive to price.
D) as elastic.

Microeconomics ¦ Perloff ¦ 8^th Edition

Buy Test-Bank

Moriaki

Sr. Member
Posts: 341

Reply #1 on: Jul 1, 2018

Answer to Question 1

b

Answer to Question 2

A

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.