In graph: (a) How much is the tax? (b) How much of this tax is borne by the buyer? (c) How much of this tax is borne by the seller?


(a) $4.00
(b) $3.75
(c) $.25

Economics

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Inflation targeting is one policy that attempts to deal with the problem of:

a. dollarization. b. time inconsistency. c. the tradeoff between inflation and unemployment. d. the liquidity trap. e. none of the above.

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Cost is always a forgone

What will be an ideal response?

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The demand curve for a monopoly's product is

A) the market demand for the product. B) more elastic than the market demand for the product. C) more inelastic than the market demand for the product. D) undefined.

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Which of the following are entitlements?

A. Social Security B. Medicare C. defined contribution programs D. Medicare and Social Security

Economics