« previous next »

Author Question: In the case of a specific tax the resulting price received by producers depends on A) who pays ... (Read 90 times)

stock

  • Hero Member
  • *****
  • Posts: 573
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
Buy Test-Bank


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
Specific transport processes Specific transport processes
Site-specific recombination event catalyzed by RAG1 and RAG2 Site-specific recombination event catalyzed by RAG1 and RAG2
Specific amino acid–nucleotide contacts for cI and Cro repressors Specific amino acid–nucleotide contacts for cI and Cro repressors
The family described in Example Case 2 The family described in Example Case 2
Table salt (NaCl) molecules dissolving in water, resulting in Na+ and Cl– ions surrounded by ... Table salt (NaCl) molecules dissolving in water, resulting in Na+ and Cl– ions surrounded by ...
Video: Blood Test Basics

For a complete list of videos, visit our video library