Author Question: The tax incidence on buyers is higher if ________. A) the buyers and sellers of a good are ... (Read 126 times)

dejastew · **on:** Jun 29, 2018

The tax incidence on buyers is higher if ________.

A) the buyers and sellers of a good are equally sensitive to price changes
B) the elasticity of the market demand curve is higher than the elasticity of the market supply curve
C) the elasticity of the market supply curve is higher than the elasticity of the market demand curve
D) the number of sellers in a market is larger than the number of buyers

Question 2

________ are guarantees of quality issued directly by either the manufacturer or the seller.

A) Patents
B) Trademarks
C) Warranties
D) Copyrights