This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A sales tax will be divided so that A) the buyers pay the full amount if supply is perfectly ... (Read 66 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
A sales tax will be divided so that
 
  A) the buyers pay the full amount if supply is perfectly inelastic.
  B) the sellers pay the full amount if supply is perfectly inelastic.
  C) the sellers pay the full amount if supply is perfectly elastic.
  D) both buyers and sellers pay some of the tax if supply is perfectly elastic.

Question 2

The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
 
  A) elastic.
  B) unit elastic.
  C) inelastic.
  D) less than the supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Gracias!

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

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?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Blood Supply to the Lungs Blood Supply to the Lungs
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Draw a full and complete mechanism for the following reaction shown below. Draw a full and complete mechanism for the following reaction shown below.
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library