If the tax on gasoline is increased, gas stations are most likely to pass most of this increase to the consumer if the demand is:
A. Unitary elastic
B. Very inelastic
C. Slightly elastic
D. Perfectly elastic
B. Very inelastic
Economics
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During which years did the country have a budget deficit?
A) 2008 and 2009 B) 2012 only C) 2011 only D) 2010 and 2012 E) all except 2011
Economics
A condition necessary for a country to achieve economic growth is
A) high tax rates so the government can purchase a lot of capital equipment. B) strict environmental regulations. C) economic freedom. D) government control of the banking system. E) democracy.
Economics