The demand for insulin is typically_________________ than the demand for a large screen TV

If a tax is placed on suppliers of a good, then the incidence of the tax

A) falls more on the sellers if demand is elastic. B) falls more on the sellers if demand is inelastic. C) is usually split equally between the buyers and the sellers. D) usually falls more on the sellers than the buyers. E) usually falls more on the buyers than the sellers.

Refer to Table 2-13. What is Horace's opportunity cost of grooming a dog?

A) half a bathed cat B) two bathed cats C) one and a half bathed cats D) two-thirds of a bathed cat