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Author Question: In the table above, in terms of units of hamburgers, real income is A) lower in case A than in ... (Read 38 times)

Bernana

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  • Posts: 530
on: Jun 29, 2018
In the table above, in terms of units of hamburgers, real income is
 
  A) lower in case A than in cases B and C.
  B) lower in case B than in cases A and C.
  C) lower in case C than in cases A and B.
  D) equal in all three cases.

Question 2

If demand is perfectly elastic, a sales tax 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.


frre432

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

C

Answer to Question 2

B


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