Consider the market for heart transplants. The demand for a heart transplant is perfectly inelastic and the supply curve is upward sloping
If a $1,000 tax per transplant tax is imposed on buyers (the recipients), how will the tax be divided between the buyer and seller? A) The sellers will pay the entire tax.
B) The buyers will pay the entire tax.
C) The tax will be evenly divided between the sellers and buyers.
D) More information is needed to determine how the tax is split.
B
Economics
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When total utility is at a maximum, marginal utility is zero.
a. true b. false
Economics
Refer to the given information. The unemployment rate in Scoob is:
Answer the question on the basis of the following information about the hypothetical economy of Scoob. All figures are in millions.
A. 2.5 percent.
B. 3.2 percent.
C. 5.0 percent.
D. 6.9 percent.
Economics