The incidence of a tax is
a. always determined by the demand side of the market
b. always determined by the supply side of the market.
c. always determined by the interaction of the demand and supply side of the market..
d. always determined by which side of the market the government imposes the tax on.
c
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Money's ability to store value depends on how fast prices in the economy are increasing
Indicate whether the statement is true or false
A soil bank program pays farmers not to grow food on some of their land
Indicate whether the statement is true or false
If the cross-price elasticity of demand between two goods is positive, what is the relationship between the two goods?
Which of the following will reduce the price level and real output in the short run?
a. an increase in government purchases. b. an decrease in oil prices c. a decrease in the money supply d. technical progress