This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a given positively sloped supply curve, the price increase to consumers resulting from a ... (Read 151 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macybarnes

  • Sr. Member
  • ****
  • Posts: 312
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.
Answer Preview
Only 49% of students answer this correctly


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
Wow, this really help

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« 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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Increase in rainfall on continents Increase in rainfall on continents
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The original Supply and Demand graph The original Supply and Demand graph
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library