A sales tax is divided so that the
A) buyers pay the full amount if demand is perfectly elastic.
B) buyers pay the full amount if supply is perfectly inelastic.
C) sellers pay the full amount if supply is perfectly elastic.
D) sellers pay the full amount if demand is perfectly elastic.
D
Economics
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Suppose the federal government implemented a flat tax to replace the income tax, and the flat tax saved taxpayers a total of $5 billion. A tax change such as this could be viewed as an example of the federal government implementing
A) contractionary monetary policy. B) contractionary fiscal policy. C) expansionary monetary policy. D) expansionary fiscal policy.
Economics
If the Fed sells securities to commercial banks, there is no money multiplier effect
Indicate whether the statement is true or false
Economics