Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more elastic than the demand. (ii) demand in more elastic than the supply. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product

a. (i) only
b. (ii) only
c. (i) and (iv) only
d. (ii) and (iii) only

b

Economics

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If the disposable income decreases, then

A) the demand for loanable funds increases. B) the quantity of loanable funds demanded increases. C) the supply of loanable funds increases. D) the quantity of loanable funds supplied decreases. E) the supply of loanable funds decreases.

Economics

Which of the following will NOT increase the productivity of labor?

A. technological improvements B. an increase in the capital stock C. improvements in education D. an increase in the size of the labor force

Economics