« previous next »

Author Question: If the demand for cell phone service is inelastic, then A) the percentage change in quantity ... (Read 20 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
If the demand for cell phone service is inelastic, then
 
  A) the percentage change in quantity demanded is greater than the percentage change in price (in absolute value).
  B) the percentage change in quantity demanded is less than the percentage change in price (in absolute value).
  C) the percentage change in quantity demanded is equal to the percentage change in price.
  D) the quantity demanded does not change in response to changes in price.

Question 2

What conclusion did the 1962 University of Chicago study on the burden of the corporate tax rate make?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The study concluded that owners of corporations, proprietorships, and partnerships all bear the burden of the corporate tax in rough proportion to profits, even though it is directly levied only on corporations.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Cell Organelles Cell Organelles
Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ... Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ...
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
HIV cycle in an infected cell: (a) latent infection; (b) active infection. HIV cycle in an infected cell: (a) latent infection; (b) active infection.
Locations of major metabolic pathways within a eukaryotic cell Locations of major metabolic pathways within a eukaryotic cell
Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness
Video: Proteins

For a complete list of videos, visit our video library