If demand is more elastic, the portion of an excise tax borne by a buyer will
A. increase.
B. decrease.
C. be unchanged.
D. increase for normal goods, decrease for inferior goods.
Answer: B
Economics
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The Federal Reserve may choose to monetize the debt in order to
a. reduce the burden of the national debt. b. shift the supply curve of money outward. c. shift the demand curve for money inward. d. reduce the volume of reserves in commercial banks.
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