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Author Question: For a given positively sloped supply curve, the price increase to consumers resulting from a ... (Read 140 times)

2125004343

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on: Jul 1, 2018
For a given positively sloped supply curve, the price increase to consumers resulting from a specific tax imposed on sellers will be
 
  A) greater the more price elastic demand is.
  B) greater the less price elastic demand is.
  C) equal to the entire tax when demand is perfectly elastic.
  D) equal to half of the tax whenever demand is unit elastic.

Question 2

Suppose the supply curve and the demand curve both have unitary elasticity at all prices. The price increase to consumers resulting from a specific tax of 1 imposed on sellers will be
 
  A) 1.
  B) 50 cents.
  C) zero.
  D) impossible to calculate without knowing the slope of the supply curve.
Microeconomics ¦ Perloff ¦ 8th Edition
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macybarnes

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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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2125004343

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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