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Author Question: In the table above, which case has the lowest relative price for a hamburger? A) case A B) case ... (Read 136 times)

awywial

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  • Posts: 577
on: Jun 29, 2018
In the table above, which case has the lowest relative price for a hamburger?
 
  A) case A
  B) case B
  C) case C
  D) All three cases have an equal relative price for a hamburger.

Question 2

If a tax is imposed in a market in which demand is perfectly inelastic
 
  A) the buyers pay the entire tax.
  B) the sellers pay the entire tax.
  C) the buyers and the sellers both pay a portion of the tax.
  D) neither the buyer nor the seller pays the tax.


britb2u

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  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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