When there are fewer substitutes available for a good, _____
a. the demand for the good is unit elastic
b. the supply of the good is perfectly elastic
c. buyers pay less of the tax than the sellers
d. sellers pass more of the tax burden to the buyers
d
Economics
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The GDP deflator measures how prices change over time
Indicate whether the statement is true or false
Economics
If the British pound depreciates against the U.S. dollar,
A) British businesses gain by an increase in the dollar price of exports to the United States. B) British consumers gain by a decrease in the pound price of U.S. exports to Britain. C) British consumers lose by an increase in the pound price of U.S. exports Britain. D) U.S. consumers lose by an increase in the dollar price of British exports to the United States.
Economics