The excess burden of an excise tax is
a. greater the more inelastic the supply curve.
b. greater the more elastic the demand curve.
c. smaller the more elastic the supply curve.
d. greater the more inelastic the demand curve.
b
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Many argue that the "soft power" of the U.S. has been reduced, referring to its
a. negotiating ability. b. military presence. c. export level. d. moral leadership.
The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has risen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate forward. B) The manager has more of an incentive to integrate backward. C) The manager has less of an incentive to integrate forward. D) The manager has less of an incentive to integrate backward.