« previous next »

Author Question: The government proposes a tax on imported champagne. Buyers will bear the entire burden of the tax ... (Read 83 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?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Lion and Bear Lion and Bear
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
Structural MRI can be used to provide three-dimensional images of the entire brain. (Courtesy of ... Structural MRI can be used to provide three-dimensional images of the entire brain. (Courtesy of ...
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library