« previous next »

Author Question: If the demand for cell phone service is inelastic, then A) the percentage change in quantity ... (Read 40 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?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

p53 (normal cell vs tumor cell) p53 (normal cell vs tumor cell)
Cell differentiation Cell differentiation
Cell cycle Cell cycle
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Climate change exerts societal impacts and vice versa Climate change exerts societal impacts and vice versa
The eukaryotic cell cycle. The eukaryotic cell cycle.
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library