Suppose that a tax is placed on a particular good. If the sellers end up bearing most of the tax burden, this indicates that the
a. demand is more inelastic than supply.
b. supply is more inelastic than demand.
c. government has required that buyers remit the tax payments.
d. government has required that sellers remit the tax payments.
B
You might also like to view...
Streetcar owners in the early 20th century were against segregation for profit maximizing reasons
a. True b. False Indicate whether the statement is true or false
Rightward AS shifts will cause
A. Leftward Phillips curve shifts. B. Rightward Phillips curve shifts. C. Movements down and to the right along the existing Phillips curve. D. Movements up and to the left along the existing Phillips curve.
An increase in the money supply by the Federal Reserve is likely to increase
I. net exports. II. the exchange rate. III. interest rates. IV. aggregate demand. A) I, II, III, and IV B) I, II, and IV C) I, III, and IV D) I and IV
Firms in a small economy planned that inventories would grow over the past year by $300,000. Over that year, inventories actually grew by $400,000. This implies that
What will be an ideal response?