« previous next »

Author Question: If the supply curve is perfectly inelastic, _____ a. any tax will be entirely born by suppliers ... (Read 38 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
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
Buy Test-Bank


pami445

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
J or U dose-response curve J or U dose-response curve
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library