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Author Question: If there is no change in equilibrium price after a 1 per unit tax is imposed on suppliers, demand ... (Read 56 times)

B

  • Hero Member
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  • Posts: 570
on: Jul 1, 2018
If there is no change in equilibrium price after a 1 per unit tax is imposed on suppliers, demand must be perfectly inelastic.
 a. True
  b. False

Question 2

If the supply curve slopes upward and a 3 per unit tax on suppliers raises the profit-maximizing price by 3, demand must be perfectly inelastic.
 a. True
  b. False


duy1981999

  • Sr. Member
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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


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