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Author Question: The sellers pay the entire sales tax levied on a good when demand is perfectly ________ or supply is ... (Read 130 times)

arivle123

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on: Jun 29, 2018
The sellers pay the entire sales tax levied on a good when demand is perfectly ________ or supply is perfectly ________.
 
  A) elastic; inelastic
  B) elastic; elastic
  C) inelastic; inelastic
  D) inelastic; elastic

Question 2

Suppose that the price of a bag of jellybeans is 6, and the price of a bottle of cola is 2. The relative price of cola is
 
  A) 3 bags of jellybeans per bottle of cola.
  B) 2 bags of jellybeans per bottle of cola.
  C) 1/3 bag of jellybeans per bottle of cola.
  D) 2.


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beccamahon

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

A

Answer to Question 2

C


arivle123

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Reply #2 on: Jun 29, 2018
Correct answers!


beccamahon

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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