As long as neither supply nor demand is perfectly elastic, both suppliers and demanders will pay part of any tax.

a. true
b. false


Answer: a. true

Economics

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In Japan most garbage is

a. either recycled or burned b. recycled c. burned d. deposited in landfills e. used for fuel

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The marginal product curve rises when the marginal cost curve rises

a. True b. False Indicate whether the statement is true or false

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Nominal GDP is equal to real GDP multiplied by the GDP deflator

Indicate whether the statement is true or false

Economics

If the price of hamburger buns increases, the demand for ground beef is predicted to:

a. Decrease b. Shift to the right c. Increase d. Remain constant

Economics