This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Only in the case of perfectly inelastic demand will consumers pay the full amount of a specific tax ... (Read 51 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
Only in the case of perfectly inelastic demand will consumers pay the full amount of a specific tax or ad valorem tax.
 
  Indicate whether the statement is true or false

Question 2

Suppose that an ad valorem tax of 10 is imposed on producers of butter. The bread market supply is Qs = 10 + P and the bread market demand is Qd = 220-P. What is the producers' tax burden?
 
  A) Producers' tax burden is 8.
  B) Producers' tax burden is 10
  C) Producers' tax burden is 4.
  D) Producers' tax burden is 5.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly


crazycityslicker

  • Member
  • Posts: 537
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

(a) Yucca baccata in full flower; (b) a Yucca moth, Tegeticula planella, ovipositing on a Yucca flow (a) Yucca baccata in full flower; (b) a Yucca moth, Tegeticula planella, ovipositing on a Yucca flow
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
Check heat source for temperature. Evaluate the amount of heat given off from the source using your ... Check heat source for temperature. Evaluate the amount of heat given off from the source using your ...
Site-specific recombination, establishing lysogeny in bacteriophage l Site-specific recombination, establishing lysogeny in bacteriophage l
Elastic/inelastic #5 Elastic/inelastic #5
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library