Which of the following leads to the demanders paying all of a tax?
A) The supply is unit elastic.
B) The supply is perfectly inelastic.
C) The demand is perfectly elastic.
D) The demand is perfectly inelastic.
D
Economics
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According to the graph above, the expansion that began in December 1914 had a duration of ________
A) 51 months B) 4 years C) 3 years D) 44 months E) 20 months
Economics
To calculate the price elasticity of demand, we divide
A) the percentage change in quantity demanded by the percentage change in price. B) the percentage change in price by the percentage change in quantity demanded. C) rise by the run. D) the average price by the average quantity demanded.
Economics