Author Question: If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will ... (Read 115 times)

karen · **on:** Jun 30, 2018

If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will fall mainly on consumers.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A baseball player who is currently batting .350 will increase his batting average on a day that he goes _____ at the plate.
a. 1 for 4.
b. 1 for 3.
c. 2 for 5.
d. 2 for 6.