If demand for good is very inelastic and supply for the good is very elastic a sales tax imposed on sellers will cause the price received by sellers
A) would not change very much.
B) would rise by more than the amount of the tax.
C) would fall by an amount of the tax.
D) would fall by more than the amount of the tax.
A
Economics
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Monetary policy can be most accurately described as
a. the use of government taxation and expenditures to achieve macroeconomic goals. b. the use of the government's regulatory powers to improve economic efficiency. c. the government provision of goods to improve economic efficiency. d. the deliberate control of the money supply to achieve macroeconomic goals.
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Economists use the term "utility" to refer to the usefulness of a good or service, and so consequently aesthetic products like art, music, and vacations have no utility
Indicate whether the statement is true or false
Economics