The burden of a tax is mainly borne by the buyer

Assignment Help Business Economics

Reference no: EM131109592

The burden of a tax is mainly borne by the buyer if: a. the demand for the good is relatively price elastic. b. the supply of the good is perfectly price elastic. c. the supply of the good is relatively price elastic. d. the demand for the good is relatively price inelastic. e. the demand for the good is perfectly price elastic.

Reference no: EM131109592

Questions Cloud

Assembly program to translate an input number to its binary : (4_1) submit this hw by "./submit lastname4_1.s hw4_1" Write a program to find and print a factorial numbers:(5)Write an assembly program to translate an input number to its binary

Discus the aforementioned circumstances : In certain circumstances, the court cannot grant an absolute discharge. Briefly discus the aforementioned circumstances in regards to study of business law

Calculate the break-even poin : Given the information below, calculate the break-even point. is this a good estimate of when your company will become profitable? A. labor rate 10.00/hr. B. Avg. # of yards mowed 1/hr. C. Fuel used 1.5 gallon/yd. D. Fuel cost 4/21/16 2.01/gallon E. E..

How is a court most likely to rule explain : College Copy Shop (CCS) compiles, copies, and sells reading materials to students on the instructions of their professors, who indicate which parts of which publications should be included. How is a court most likely to rule? Explain

The burden of a tax is mainly borne by the buyer : The burden of a tax is mainly borne by the buyer if: a. the demand for the good is relatively price elastic. b. the supply of the good is perfectly price elastic. c. the supply of the good is relatively price elastic. d. the demand for the good is re..

Provide an example of a positive production externality : Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..

Define or describe behavioral interactions : Identify the organism you will be studying. Define or describe behavioral interactions. Define or describe population interactions.

Wages without the union specifically setting wages : How can restricting entry into a union help boost members’ wages without the union specifically setting wages? Distinguish between a closed shop and a union shop. Are either or both shops legal? Explain . What is a monopsony and how does a monopsonis..

Explain how the bureau of labor statistics : Explain how the Bureau of Labor Statistics determines who is unemployed and how the unemployment rate is calculated. How might the growth of the number of discouraged workers be reflected in the unemployment rate? How might the unemployment rate be i..

User Account

All Pages