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Author Question: In the case of a specific tax, tax incidence is independent of who pays A) only when supply and ... (Read 76 times)

Destiiny22

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In the case of a specific tax, tax incidence is independent of who pays
 
  A) only when supply and demand elasticities are not constant.
  B) only when the tax is collected from consumers.
  C) in most but not all cases.
  D) in all cases.

Question 2

Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is perfectly price elastic. If 3 million tickets are currently sold at a price of 5, approximately how much tax revenue could the government generate from a 1 specific tax?
 
  A) 18 million
  B) 3 million
  C) 2.7 million
  D) 1.5 million


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tanna.moeller

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Destiiny22

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Reply 2 on: Jul 1, 2018
Wow, this really help


ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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