This topic contains a solution. Click here to go to the answer

Author Question: The figure shows a market with perfectly inelastic demand. As a result of a tax imposed by the government (Read 245 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560



The figure shows a market with perfectly inelastic demand. As a result of a tax imposed by the government
◦ the price buyers pay increases by $1 and the equilibrium falls to 900 units.
◦ sellers bear all of the tax and there is a deadweight loss of area ACD.
◦ sellers bear all of the tax and there is no deadweight loss.
◦ buyers bear all of the tax and there is a deadweight loss of area ABC.
◦ buyers bear all of the tax and there is no deadweight loss.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wrbasek0 on May 24, 2019

matt

  • Sr. Member
  • ****
  • Posts: 344
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




wrbasek0

  • Member
  • Posts: 560
Reply 2 on: May 24, 2019
:D TYSM


coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library