« previous next »

Author Question: The government proposes a tax on imported champagne. Buyers will bear the entire burden of the tax ... (Read 77 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
The government proposes a tax on imported champagne. Buyers will bear the entire burden of the tax if the
 
  A) demand curve for imported champagne is horizontal.
  B) demand curve is downward sloping and the supply curve is upward sloping.
  C) demand curve for imported champagne is vertical.
  D) supply curve for imported champagne is vertical.

Question 2

Supply is elastic whenever the value of the elasticity of supply is positive and greater than 1.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

lak

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jun 29, 2018
Correct answers!


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

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?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Polar Bear Cubs Polar Bear Cubs
Chris Burden, Urban Light. Chris Burden, Urban Light.
Massage the feet. Finish with light connecting strokes over the entire leg. Redrape the leg. Massage the feet. Finish with light connecting strokes over the entire leg. Redrape the leg.
Bidirectional Thumb Pressure on Plantar Surface. Apply bidirectional thumb pressure over the entire ... Bidirectional Thumb Pressure on Plantar Surface. Apply bidirectional thumb pressure over the entire ...
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library