Author Question: If supply is perfectly inelastic, a sales tax imposed on sellers is paid by A) only the buyers. ... (Read 131 times)

lb_gilbert · **on:** Jun 29, 2018

If supply is perfectly inelastic, a sales tax imposed on sellers is paid by

A) only the buyers.
B) only the sellers.
C) both the buyers and sellers.
D) None of the above answers is correct.

Question 2

Mode income is

A) the most common income.
B) the average income.
C) the middle income level.
D) the same as money income.