The amount of a tax paid by the buyers will be smaller the
A) more elastic the demand and the more inelastic the supply.
B) more inelastic the demand and the more elastic the supply.
C) more inelastic are both the supply and demand.
D) more elastic are both the supply and demand.
A
Economics
You might also like to view...
Forward and spot exchange rates
A) are necessarily equal. B) do not move closely together. C) are always such that the forward exchange rate is higher. D) move closely together and are equal on the value date. E) are unrelated to the value date.
Economics
What generally causes the business cycle? What are the four phases of a single business cycle? What are the problems associated with the business cycle?
Economics