Author Question: The ratio of the burden of the tax borne by demanders to the burden born by suppliers will be equal ... (Read 81 times)

sabina · **on:** Jul 1, 2018

The ratio of the burden of the tax borne by demanders to the burden born by suppliers will be equal to the sum of the absolute values of the slopes of the demand curve and the supply curve.

a. True b. False

Question 2

In the long-run equilibrium in perfect competition, consumer surplus is

A) positive.
B) negative.
C) zero.
D) less than producer surplus.