If demand and supply have the same elasticity, the seller will pay ________ of a tax.
Fill in the blank(s) with the appropriate word(s).
half
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In the research that used the audit method to send 38 people to purchase new cars from car dealers in Chicago, the lowest prices were quoted to
A) black women. B) white women. C) black men. D) white men.
In the neoclassical growth model, convergence is conditional upon two countries having
a. the same savings rates. b. the same depreciation rates. c. the same technology growth rates. d. the same population growth rates. e. all of the above.
With identical firms, constant input prices, and all the other characteristics of a competitive market
A) the long run equilibrium price is the minimum of the average cost curve. B) a shift in demand will change the equilibrium price and quantity. C) the long run and short run equilibria are identical. D) Both A and B.
The cross price elasticity for Papa John's pizza for a change in the price of Pizza Hut pizza is likely to be
A. negative but less negative than -1. B. negative and more negative than -1. C. zero. D. positive.