The mobility of _____ means that in the _____ it can be used for consumption, thus the burden of most corporate income taxes will be borne by the customers of a firm.
a. labor; long run
b. labor; short run
c. capital; long run
d. capital; short run
Question 2
The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone). The current price is 0.35 per minute. If the price were to increase by ten cents per minute, consumer surplus would
A) fall to 820.
B) fall by 84.
C) fall by 58.
D) fall to 369.
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