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Author Question: The buyers pay the entire sales tax levied on a good when demand is perfectly ________ or supply is ... (Read 62 times)

oliviahorn72

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on: Jun 29, 2018
The buyers 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

Christy's Haircuts, the sole supplier of haircuts in a small town, faces the demand schedule shown in the table above. What is Christy's marginal revenue from the 35th haircut?
 
  A) zero
  B) -5.00
  C) 5.00
  D) 12.50


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Missbam101

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

D

Answer to Question 2

B


oliviahorn72

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Excellent

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