For a given supply elasticity, the more inelastic the demand for a good, the larger the share of the tax paid by the
A) buyers.
B) sellers.
C) participants other than the buyers and sellers.
D) government.
E) None of the above answers is correct.
A
You might also like to view...
In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations?
A) outlet bias B) new product bias C) increase in quality bias D) substitution bias
The long-run average cost curve is tangent to the short-run average total cost curve at the minimum point of the short-run average total cost curve when the:
A. firm is experiencing constant returns to scale. B. firm is experiencing economies of scale. C. long-run average cost curve is upward-sloping. D. long-run average cost curve is downward-sloping.
It is difficult for cyclically unemployed individuals to find jobs because:
A. they do not meet the qualifications required for the available jobs. B. the economy is in a recession. C. they quit their last job and employers view them with suspicion. D. they have not looked long enough to find a job.
Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.
Figure 26.3Refer to Figure 26.3. Following the recession of 2008-2009, many firms in the United States eventually began investing in new capital. This increase in investment in new capital would cause
A. the short-run aggregate supply curve to shift from AS1 to AS2. B. the economy to move from Point C to Point B along AS1. C. the short-run aggregate supply curve to shift from AS1 to AS0. D. the economy to move from Point B to Point A along AS1.