« previous next »

Author Question: If the elasticity of demand for a good is greater than the government expected: a. Consumers will ... (Read 29 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If the elasticity of demand for a good is greater than the government expected:
 a. Consumers will bear more of the burden of the tax than the government expected.
  b. Producers will bear more of the burden of the tax than the government expected.
  c. The tax will raise less revenue than the government expected.
 d. Both b. and c. are true.

Question 2

The money supply is very sensitive to changes in the rate of interest.
 a. True
  b. False
  Indicate whether the statement is true or false


ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Greater sage grouse Greater sage grouse
“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
The more air and fuel that can be packed in a cylinder, the greater the density of the air–fuel ... The more air and fuel that can be packed in a cylinder, the greater the density of the air–fuel ...
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library