The amount of a tax paid by the sellers will be larger the more ________ the demand and the more ________ the supply

A) elastic; inelastic
B) inelastic; elastic
C) inelastic; inelastic
D) elastic; elastic

A

Economics

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Suppose that a firm can invest $100 today in a project and receive $105 a year from today. There is no inflation, and the annual interest rate in the economy is 4%. The firm should

A) invest in the project because the opportunity cost is the same as the return on the investment. B) invest in the project because the opportunity cost is greater than the return on the investment. C) invest in the project because the opportunity cost is less than the return on the investment. D) not invest in the project because the opportunity cost is less than the return on the investment.

Economics

Which of the following approaches does not offer an international dependence explanation of underdevelopment?

a. the false paradigm model b. the neoclassical counter-revolution c. the dualistic development model d. the neocolonial dependence model

Economics