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Author Question: The ratio of the burden of the tax borne by demanders to the burden born by suppliers will be equal ... (Read 92 times)

sabina

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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.


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kardosa007

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

A


sabina

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Wow, this really help

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