If buyers pay more of a tax than do the sellersاختر أحد الخياراتa. demand is more elastic than supply O.b. supply is more elastic than demand OC. None of the above answers is correct O.d. the equilibrium price paid by buyers rises by less than half the amount of the tax„e. the amount of tax revenue collected by the government is almost zero

Tax is a compulsory payment that is imposed by the government either directly or indirectly on the…

If buyers pay more of a tax than do the sellers اختر أحد الخيارات a. demand is more elastic than supply b. supply is more elastic than demand .c. None of the above answers is correct .d. the equilibrium price paid by buyers rises by less than half the amount of the tax O e. the amount of tax revenue collected by the government is almost zero

If buyers pay more of a tax than do the sellers اختر أحد الخيارات a. demand is more elastic than supply b. supply is more elastic than demand .c. None of the above answers is correct .d. the equilibrium price paid by buyers rises by less than half the amount of the tax O e. the amount of tax revenue collected by the government is almost zero

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter5: Elasticity Of Demand And Supply

Section5.A: Appendix: Price Elasticity And Tax Incidence

Problem 2AQ

See similar textbooks

Similar questions

In a market where the supply curve is perfectly inelastic how does an excise tax affect the price paid by consumers and the quantity bought and sold?
If supply is elastic, will shifts in demand have a larger effect on equilibrium quantity or on price?
Select the correct answer. A price ceiling will usually shift: demand supply both neither
Why is the demand curve with constant unitary elasticity concave?
If demand is elastic, will shifts in supply have a larger effect on equilibrium quantity or on price?
When someones kidneys fail, the person needs to have medical treatment with a dialysis machine (unless or until they receive a kidney transplant) or they will die. Sketch a supply and demand diagram, paying attention to the appropriate elasticities, to illustrate that the supply of such dialysis machines will primarily determine the pure.
Describe the general appearance of a demand or a supply curve with infinite elasticity.