Author Question: Which of the following leads to the suppliers paying all of a tax? A) The supply is perfectly ... (Read 55 times)

Marty · **on:** Jun 29, 2018

Which of the following leads to the suppliers paying all of a tax?

A) The supply is perfectly elastic.
B) The supply is perfectly inelastic.
C) The demand is unit elastic.
D) The demand is perfectly inelastic.

Question 2

An advantage of a partnership over a corporation is that

A) a partnership's profits are taxed only once, while retained profits of a corporation are taxed twice.
B) a partnership's owners usually have limited liability, while the entire wealth of owners of a corporation is at risk.
C) a partnership has a perpetual life, while a corporation dies with its owners.
D) a partnership's cost of capital is low relative to that of a corporation.