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Author Question: If the supply curve is perfectly inelastic, _____ a. any tax will be entirely born by suppliers ... (Read 14 times)

laurencescou

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on: Jul 1, 2018
If the supply curve is perfectly inelastic, _____
 
  a. any tax will be entirely born by suppliers
  b. any tax will be entirely born by demanders
  c. any tax will be split by demanders and suppliers
   d. the tax incidence depends upon the elasticity of the demand curve

Question 2

The above figure shows a graph of the market for pizzas in a large town. No pizzas will be supplied unless the price is above
 
  A) 0.
  B) 5.
  C) 12.
  D) 14.
Microeconomics ¦ Perloff ¦ 8th Edition
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pami445

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

a

Answer to Question 2

B


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