When the elasticities of demand and supply are equal, the tax burden will be borne
A. entirely by the seller.
B. mostly by the seller.
C. equally.
D. mostly by the buyer.
C. equally.
Economics
You might also like to view...
If a tax rate falls as a person's income rises, the tax is a:
a. proportional tax. b. progressive tax. c. regressive tax. d. poll tax. e. constant tax.
Economics
If the real GDP of a developed country doubles in 48 years, the average annual growth rate in real GDP must be _____
a. 1.5% b. 3.5% c. 0.67% d. 0.012% e. 24%
Economics
How much did employment fall by during the Great Recession?
a. 8 million b. 9 million c. 10 million d. 11 million
Economics
The major categories of federal government spending are
What will be an ideal response?
Economics