A general sales tax is a unit tax placed on all retail sales. a. True b. ...

Author Question: A general sales tax is a unit tax placed on all retail sales. a. True b. ... (Read 54 times)

jCorn1234

Hero Member
Posts: 545

on: Jul 1, 2018

A general sales tax is a unit tax placed on all retail sales.

a. True b. False

Question 2

If the price elasticity of demand for a good is less than one in absolute value, economists would characterize consumers of this good

A) as not very sensitive to price.
B) as not very sensitive to the quantity they demand.
C) as very sensitive to price.
D) as elastic.

Microeconomics ¦ Perloff ¦ 8^th Edition

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Moriaki

Sr. Member
Posts: 341

Reply #1 on: Jul 1, 2018

Answer to Question 1

b

Answer to Question 2

A

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