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Author Question: There would be no excess burden from a tax if demand were (Read 64 times)

go.lag

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on: Apr 19, 2019

Question 1

The excess burden of a tax is $5,000 and the tax revenue from this tax is $15,000. The total burden of this tax is


◦ $3,000.
◦ $5,000.
◦ $10,000.
◦ $20,000.

Question 2

There would be no excess burden from a tax if demand were


◦ unitarily elastic.
◦ perfectly elastic.
◦ perfectly inelastic.
◦ upward sloping.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by go.lag on Apr 19, 2019

snackralk

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Reply #1 on: Apr 19, 2019
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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go.lag

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

AmberC1996

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

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