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Author Question: In the case of a specific tax the resulting price received by producers depends on A) who pays ... (Read 77 times)

stock

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on: Jul 1, 2018
In the case of a specific tax the resulting price received by producers depends on
 
  A) who pays the tax.
  B) the price elasticity of supply.
  C) the price elasticity of demand.
  D) All of the above.

Question 2

If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
 
  A) 0
  B) 1
  C) .5
  D) Cannot be determined.
Microeconomics ¦ Perloff ¦ 8th Edition
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janeli1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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