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Author Question: Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping. The price ... (Read 195 times)

abarnes

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on: Jul 1, 2018
Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping. The price sellers receive after a specific tax is imposed on sellers
 
  A) is less than before the tax.
  B) is higher than before the tax.
  C) is unchanged.
  D) depends on the supply elasticity.

Question 2

Suppose the demand curve for a good is downward sloping and the supply curve is upward sloping. At the market equilibrium, if demand is more elastic than supply in absolute value, a 1 specific tax will
 
  A) raise the price to consumers by 50 cents.
  B) raise the price to consumers by less than 50 cents.
  C) raise the price to consumers by more than 50 cents.
  D) raise the price to consumers by 1.
Microeconomics ¦ Perloff ¦ 8th Edition
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Anna

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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.
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abarnes

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Reply #2 on: Jul 1, 2018
Correct answers!


Anna

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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