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Author Question: If the elasticity of demand for a good is greater than the government expected: a. Consumers will ... (Read 21 times)

burton19126

  • Hero Member
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  • 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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


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