Contract negotiations between an employer and a labor union representing workers are referred to as:

If a $10 sales tax is imposed on a good and the equilibrium price increases by $10, the tax is

A) split between buyers and sellers but not evenly. B) paid fully by sellers. C) paid fully by buyers. D) split evenly between buyers and sellers. E) perhaps split between buyers and sellers but it is impossible to determine the incidence without further information.

What determines how a change in prices will affect total revenue for a company?

a) elasticity of demand b) the company's pricing policy c) values of elasticity d) the consumers' income