Author Question: Buyers of a good will bear the larger part of the tax burden, and sellers will bear a smaller part ... (Read 53 times)

2125004343 · **on:** Jun 30, 2018

Buyers of a good will bear the larger part of the tax burden, and sellers will bear a smaller part of the tax burden, when the
a. tax is placed on the sellers of the good.
b. tax is placed on the buyers of the good.
c. supply of the product is more elastic than the demand for the good.
d. demand for the product is more elastic than the supply of the good.

Question 2

The supply and demand for money intersect at the equilibrium real interest rate, while the supply and demand curves for loanable funds intersect at the equilibrium real interest rate.
a. True
b. False
Indicate whether the statement is true or false