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Author Question: If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of ... (Read 122 times)

Mimi

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on: Jun 29, 2018
If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of supply are high, then the burden of these taxes (excise taxes) falls more heavily on buyers than on sellers.
 
  Indicate whether the statement is true or false

Question 2

The relative price of a good is greater than the money price of a good.
 
  Indicate whether the statement is true or false


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Brummell1998

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


Mimi

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Reply #2 on: Jun 29, 2018
Correct answers!


Brummell1998

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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