« previous next »

Author Question: In the case of a specific tax the resulting price received by producers depends on A) who pays ... (Read 83 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?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

The three stages of a specific immune response. The three stages of a specific immune response.
Examples of Specific Antidotes for Overdosed Substances or Toxins Examples of Specific Antidotes for Overdosed Substances or Toxins
New employees should be shown all exits in case of an emergency. New employees should be shown all exits in case of an emergency.
A severe case of delayed contact dermatitis (Type IV hypersensitivity) from wearing latex gloves. A severe case of delayed contact dermatitis (Type IV hypersensitivity) from wearing latex gloves.
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Preference in Different Organisms for Specific Glycine Codons Preference in Different Organisms for Specific Glycine Codons
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library